What are the GST rates in India?

India's GST has multiple slabs: 0% (essential goods), 5% (basic necessities), 12% (processed foods, computers), 18% (most services, electronics), and 28% (luxury goods, automobiles).

How do I remove VAT from a price?

To remove VAT from a tax-inclusive price: Pre-tax price = Inclusive price ÷ (1 + VAT rate). For example, £120 including 20% VAT: £120 ÷ 1.20 = £100 pre-tax, with £20 VAT.

What is the standard VAT rate in the UK?

The standard UK VAT rate is 20%. A reduced rate of 5% applies to items like home energy and children's car seats. Zero-rated items (0%) include most food and children's clothing.