GST Calculator

Easy GST Calculations

Goods and Services Tax (GST) is a consumption tax used in countries like Canada, Australia, India, and New Zealand. This calculator makes it easy to add GST to a net price or to reverse calculate the GST and net price from a gross amount. It's a useful tool for businesses and consumers in countries with GST.

The GST Formulas Explained

• Adding GST:
  • GST Amount = Net Price * (GST Rate / 100)
  • Gross Price = Net Price + GST Amount
• Removing GST (Reverse GST):
  • Net Price = Gross Price / (1 + (GST Rate / 100))
  • GST Amount = Gross Price - Net Price

How to Use the Calculator

1. Enter Amount: Input the price.
2. Enter GST Rate: Input the applicable GST rate.
3. Choose Operation: Select whether you want to 'Add GST' to a net price or 'Remove GST' from a gross price.
4. Calculate: The tool will provide a breakdown of the net amount, GST amount, and total amount.

Real-World Example

• Adding GST: An item costs $50 before GST, and the GST rate is 5%.
  • The GST amount is $50 * 0.05 = $2.50.
  • The total price is $50 + $2.50 = $52.50.
• Removing GST: You paid a total of $110 for an item, which includes 10% GST.
  • The original price before GST was $110 / (1 + 0.10) = $100.
  • The GST amount was $110 - $100 = $10.

Frequently Asked Questions (FAQ)

• Is GST the same in all countries? No. The name 'GST' is used in several countries, but the rates and specific rules can vary significantly.
• What is the difference between GST and VAT? They are very similar concepts of value-added taxation. The main difference is often just the terminology used in a particular country's tax law.
• Are there different GST rates? Yes, many countries have different GST rates for different goods and services. For example, essential goods might have a lower rate or be exempt, while luxury goods might have a higher rate.