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Explained | Why has the GST compensation gap widened and what does it mean  for consumersExplained | Why has the GST compensation gap widened and what does it mean  for consumers

* How do GST calculate? If the Rule comes into force, more than Rs 2,000 transactions will be 18% GST. There is no GST on payments of Rs2,000 or less. This is what it looks like .. – Rs 2,500 Payment: 18% GST = Rs.450, total = Rs 2,950
– Rs.3,000 Payment: 18% GST = Rs.540, Total = Rs.3,540
– Rs 1,999 Payment: No GST, total = Rs 1,999
– Rs 5,000 Payment: 18% GST = Rs.900, Total = Rs 5,900
– Rs.2,001 Payment: 18% GST = Rs.360.18, Total = Rs.2,361.18
– Rs.10,000 Payment: 18% GST = Rs 1,800, Total = Rs.11,800
– Rs 1,000 Payment: No GST, Total = Rs 1,000

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