GST – Goods and services tax
Add GST calculation:
Net amount = Initial amount
GST amount = Initial amount х GST rate (%)
Gross amount = Initial amount + GST amount
For example:
Initial amount = $100
GST rate = 12%
So,
GST amount = $100 x 12% = $12
Gross amount = $100 + $12 = $112
Subtract GST calculation
Gross amount = Initial amount
Net amount = Initial amount / (100% + GST rate (%)) x 100%
GST amount = Gross amount – Net amount
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For example:
Initial amount = $100
GST rate = 12%
So,
Net amount = $100 / (100% + 12%) x 100% = $89,29
GST amount = $100 – $89,29 = $10,71
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