# GST Calculator

**Enter all**** values to calculate:**

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## What is GST?

It is a goods and services tax.

It is an Indirect tax.

It is divided into five different tax slabs for collection of tax – 0%, 5%, 12%, 18% and 28%

Petroleum, alcoholic drinks and electricity are not taxed under GST.

## How is GST calculated?

**1. GST Exclusive:**

GST Amount = (Original Cost x GST%) ÷ 100

GST amount on $100 for 18% GST would be :

100 x 18 ÷ 100

GST Amount = $ 18

Net Price = Original Cost + GST Amount

Net price in the above example would be 100 + 18 = $118

Example

**2. GST Inclusive:**

GST Amount = Original Cost – [Original Cost x {100 ÷ (100+GST%)}]

GST amount on $100 for 18% GST would be :

GST amount = 100 – [100 x{100 ÷ (100+18)}]

GST amount = 100 – 84.75 = 15.25

Net Price = Original Cost – GST Amount.

Net Price = 100 – 15.25 = $ 84.75

Net price in the above example would be 100 + 18 = $ 84.75