Goods And Services Tax (GST) Calculator
Calculate the goods and services tax by inputting the net price and GST percentage, then see your gross price and total tax amount.
Gross Price Formula
$13300 * ( 1 + 24% / 100.0 ) = $16492.0.$13300 * (1 + 24%/100.0) = $16492.0. The result, $16492.0, is the gross price after applying a GST (Goods and Services Tax) of 24%, calculated by multiplying the net price ($13300) by one plus the GST rate (24% or 0.24).
Tax Amount Formula
$11200 - $2300 = $8900.John sold $11200 worth of goods for $2300 and made a profit. The resulting net price is $8900, which is the amount John received after deducting his commission from the total sale price.
Meaning
The Goods And Services Tax (GST) Calculator is used to determine the amount of Goods and Services Tax that is due on the purchase of goods and services. It helps you calculate the total cost of the items you're buying, including any taxes that apply.
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