0 Anonymous Asked: February 8, 20212021-02-08T08:13:04+00:00 2021-02-08T08:13:04+00:00In: GST How is GST calculated? 0 How is GST calculated? Share Facebook 1 Answer Voted Oldest Recent Rachnalaxmi Narayan 2021-02-08T09:07:54+00:00Added an answer on February 8, 2021 at 9:07 am The rate of GST is added to the base price/value of supply. Formula: GST Amount = Value X (GST Rate ÷ 100) Total value of goods or services including GST = Value + GST Amount For example: Assume product X has a value of INR 100, and the GST rate applicable product on X is 18%. Amount of GST = 100 X (18 ÷ 100) = INR 18 Total value of product X including GST = 100 + 18 = 118 INR. So, according to the above calculations, the GST amount on Product X will be INR 18, and the net value will be INR 118. You can use the freely available GST calculator as well. https://www.mastersindia.co/gst-calculator/ In order to calculate GST using this online GST Calculator, the taxpayer must have the information regarding the GST rate or HSN/SAC Code applicable to those particular goods and services. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.