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Calculate your Goods and Services Tax payable to the Government of India either monthly or quarterly
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What is the GST formula?
The GST amount calculator works in a standardized way. In this calculator, there are two things- adding and subtracting GST from the total purchase price of any product.
Adding a GST:
Suppose that you’re buying a laptop worth $800, and the GST rate is 10 percent. You can calculate what the GST amount will be and how much total you will pay this way:
GST amount = $800 × 10% = $80
Net price = $800 + $80 = $880
Therefore, the total amount including GST is: $880.
Removing a GST:
Let me illustrate this using an example of a smartphone bought for $550 where the total amount paid including 15% of Goods and Services Tax was equal to $632.50 in order to establish cost without taxes.
Original cost = $632.50 - [$632.50 × {100 / (100 + 15%)}]
Original cost = $632.50 - [$632.50 × (100 / 115)]
Approximately Original cost ≈$550
Thus, before applying GST, the original cost of the smartphone was nearly equal to five hundred fifty dollars.
Calculate your Goods and Services Tax payable to the Government of India either monthly or quarte
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Explore all sorts of stocks calculator and analyze your investments and returns
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Calculate your investments and returns buy using the tools respectively for the category you are investing.
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These calculations are an estimation and prediction they may change over a period of time.
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