Enter the net price and gross price of a good or service into the GST calculator. The calculator will return the GST percentage.
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The following formula is used to calculate the goods and service tax.
GST = GP – NP / GP*100
- Where GST is the goods and service tax
- GP is the gross price
- NP is the net price
GST is short for goods and service tax and it is a tax that all must pay on produced goods or provided services.
How to calculate GST?
How to calculate GST
- First, determine the gross price
The gross price is the price of a good or service before any taxes.
- Next, determine the net price
This is the price of the good or service after the GST tax has been applied. This is typically the price of the good or service that is paid by the end user or customer.
- Finally, calculate the GST
Use the formula above to calculate the GST by entering the gross and net price from steps 1 and 2.
GST stand for goods and service tax. It’s a tax applied to all good and services sold that is collected by the government.
A net price is the price of the actual good. This is a price before tax is applied.
A gross price is the total cost of a good or service with tax included.