GST Calculator
What is a GST Calculator?
A GST Calculator is a user-friendly tool that calculates the GST amount and the total price (inclusive of GST) for a product or service. It simplifies tax calculations based on the price and GST rate.
When to use a GST Calculator?
Use a GST Calculator:
- For transactions involving GST, to ensure accurate tax calculations.
- To verify the GST amount when shopping or invoicing.
- While preparing financial reports or tax filings for businesses.
How to use a GST Calculator?
1. Enter the amount for the product or service.
2. Input the applicable GST rate (%).
3. Click Calculate GST to view:
- The GST amount.
- The total amount (including GST).
The formula used is:
GST Amount = (Amount × GST Rate) ÷ 100
Total Amount = Amount + GST Amount
Who needs a GST Calculator?
This tool is perfect for:
- Businesses: To calculate taxes on invoices and transactions.
- Accountants and Financial Professionals: For GST-related bookkeeping.
- Consumers: To verify GST charges while shopping or planning expenses.