What is the formula to calculate GST ?

The formula to calculate GST (Goods and Services Tax) may vary depending on the country or region. However, here are two common formulas used to calculate GST:

  1. To calculate the GST amount:
  2. To calculate the total price including GST:
  • GST Amount = (Original Cost * GST%) / 100
  • Total Price = Original Cost + GST Amount

For example, if the original cost of a product is $100 and the GST rate is 10%:

  1. Calculate the GST amount:
  2. Calculate the total price including GST:
  • GST Amount = ($100 * 10%) / 100 = $10
  • Total Price = $100 + $10 = $110

Please note that these formulas are general guidelines and may not apply to all situations or jurisdictions. It's always recommended to consult the official guidelines or seek professional advice for accurate calculations based on the specific country or region.

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