Formula For GST Calculation:
- Adding GST
GST Amount = (Original cost * GST Percent)/100
Total Price = Original cost + GST amount
- Removing GST
GST Amount = Original Cost – (Original Cost * (100 / (100 + GST Percent )))
Total Price = Original Cost – GST Amount
What is GST ?
GST stands for Goods and Services Tax. It is a tax on goods and services which are sold domestic consumption. The tax is passed to the government by the seller which is paid by the buyer at the poing of sale. This is a common tax used globally by the majority of countries.
The benefits of using GST calculator.
This calculator helps to find out and calculate the accurate GST with CGST and SGST calculation. It saves time and reduces the risk involved in the wrong calculation of GST.