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Enter the rupee value of your foreign currency, forex-card load or remittance. GST at 18% applies to the slab value together with the flat ₹100 service charge — the same base your order uses, so this agrees with your quote.
The slab. Taxable value is 1% of the amount up to ₹1 lakh; ₹1,000 plus 0.5% of the amount between ₹1 lakh and ₹10 lakh; and ₹5,500 plus 0.1% of the amount above ₹10 lakh, with a minimum of ₹250 and a maximum of ₹60,000 (CGST Rule 32(2)(b)). GST at 18% applies to that value plus the ₹100 service charge. Indicative only.
How it's calculated
- GST is not charged on the whole amount — only on a small “taxable value” set by slabs.
- Taxable value: 1% up to ₹1 lakh; ₹1,000 + 0.5% up to ₹10 lakh; ₹5,500 + 0.1% above ₹10 lakh (minimum ₹250, maximum ₹60,000).
- GST at 18% applies to that value plus the ₹100 service charge.
Questions
Why is GST so small?
Because the law taxes only the slab-based value of a currency exchange, not the full amount.
Is GST charged when I sell forex back?
Yes, on the same slab basis.
Will my order show the same GST?
Yes — the order uses exactly this calculation.
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