Question

what will be the GST amount if rate is 6% and goods are purchased worth Rs 150000?
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Answer 1

Answer:

Formula for GST calculation

To find out the how GST affects the price of a product or service, all that one needs to do is input into the tool the original cost of the product or service and the GST rate applicable - 5%, 12%, 18% or 28%. Based on this data, the calculator will show how much one would need to pay as GST for a product or service.

The formula for GST calculation is as under:

GST Amount = (GST x Original cost of the product or service) / 100

Net Price = Original cost of the product or service + GST amount

To remove GST:

GST Amount = Original cost of the product or service - [Original cost of the product or service x {100 / (100 + GST%)}]

Net Price = Original cost of the product or service - GST amount

Answer 2

Explanation:

150000×6%=150000×6÷100=9000