Goods and Services Tax or GST refers to the indirect tax levied on the supply of goods and services. GST is a comprehensive tax levied on the manufacture, sale and consumption of goods and services in the country. GST Calculator helps to calculate the net amount, gross amount and GST amount.
Formula for GST Calculation:
GST Amount = (Original Cost * GST %) / 100
Net Price = Original Cost + GST Amount
GST Amount = Original Cost – (Original Cost * (100 / (100 + GST %)))
Net Price = Original Cost – GST Amount
Most countries with a GST have a single unified GST system, which means that a single tax rate is applied throughout the country.
GST rates may vary depending upon the different countries.
GST calculator allows you to simplify calculations and obtain quick results.
Just enter values and get immediate results.