Question

What is the formula for finding GST ?

Answer 1

$GST \: calculation$

$how \: finding \: formula \: setup \: by \: setup$


•Determine the net price (the price without the GST). Let's make it €40 .

•Find out the GST rate.

•To calculate the tax amount: multiply the net price by GST rate.

•To determine the gross price: multiply the net price by GST (again, we'd get €4 ) rate and then:

•Add it to the VAT exclusive price.