Accurate tax calculations for Indian goods and services.
GST Formulas Explained
GST Exclusive Formula
GST Amount = (Base Price × Rate) ÷ 100
Final Amount = Base Price + GST Amount
GST Inclusive Formula
GST Amount = Price − [Price × {100 ÷ (100 + Rate)}]
Base Price = Price − GST Amount
Tax Split Variables:
- CGST (Central Goods and Services Tax): Collected by the Central Government on intrastate transactions (50% of total GST).
- SGST (State Goods and Services Tax): Collected by State Governments on intrastate sales (50% of total GST).