GST Calculation Formulas
1. Add GST (Exclusive to Inclusive)
\(\text{GST Tax} = \text{Net Price} \times \frac{\text{GST \%}}{100}\) \(\text{Gross Price} = \text{Net Price} + \text{GST Tax}\)
2. Remove GST (Inclusive to Exclusive)
\(\text{Net Price} = \frac{\text{Gross Price}}{1 + (\text{GST \%} \div 100)}\) \(\text{GST Tax} = \text{Gross Price} - \text{Net Price}\)
GST Scenario Table ($500 Base Amount @ 18% GST)
| Mode | Base Input Amount | Net Price (Excl) | GST Tax Amount (18%) | Gross Total (Incl) |
|---|---|---|---|---|
| Add GST | $500.00 (Net) | $500.00 | $90.00 | $590.00 |
| Remove GST | $500.00 (Gross) | $423.73 | $76.27 | $500.00 |
Frequently Asked Questions
How do you calculate GST?
To add GST: Net Amount × (GST Rate / 100). To remove GST: Gross Amount - (Gross Amount / (1 + GST Rate / 100)).