GST Excluding Amount Calculator

✖Gst Including Amount refers to the total price of a good or service, including the Goods and Services Tax (GST).ⓘ Gst Including Amount [GIA]			+10% -10%
✖Goods and Service Tax Rate refers to the percentage of tax applied to the sale of goods and services.ⓘ Goods and Service Tax Rate [GR]			+10% -10%

✖Gst Excluding Amount refers to the price of a good or service before the Goods and Services Tax (GST) is added.ⓘ GST Excluding Amount [GEA]

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Formula

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GST Excluding Amount

Formula

`"GEA" = floor("GIA")/(1+"GR"/100)`

Example

`"525.7371"=floor("526.10")/(1+"0.05"/100)`

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GST Excluding Amount Solution

STEP 0: Pre-Calculation Summary

Formula Used

Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)
GEA = floor(GIA)/(1+GR/100)
This formula uses 1 Functions, 3 Variables

Functions Used

floor - The floor function is a function that takes a real number as an input and returns the largest integer that is less than or equal to the input., floor(Number)

Variables Used

Gst Excluding Amount - Gst Excluding Amount refers to the price of a good or service before the Goods and Services Tax (GST) is added.
Gst Including Amount - Gst Including Amount refers to the total price of a good or service, including the Goods and Services Tax (GST).
Goods and Service Tax Rate - Goods and Service Tax Rate refers to the percentage of tax applied to the sale of goods and services.

STEP 1: Convert Input(s) to Base Unit

Gst Including Amount: 526.1 --> No Conversion Required
Goods and Service Tax Rate: 0.05 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

GEA = floor(GIA)/(1+GR/100) --> floor(526.1)/(1+0.05/100)

Evaluating ... ...

GEA = 525.737131434283

STEP 3: Convert Result to Output's Unit

525.737131434283 --> No Conversion Required

FINAL ANSWER

525.737131434283 ≈ 525.7371 <-- Gst Excluding Amount

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 100+ more calculators!

Verified by Surjojoti Som

Rashtreeya Vidyalaya College of Engineering (RVCE), Bangalore

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< 14 Tax Calculators

Taxable Income for Corporation

Go Taxable Income for Corporation = Gross Sales-Cost of Goods Sold-Operating Expense-ceil(Interest Expense)-Tax Deduction

Maximum Refund Amount

Go Maximum Refund Amount = (Turnover of Inverted Rate Supply*Net Itc/Adjusted Total Turnover)-Tax Payable on Inverted Rate Supply of Gst

Total Eligible Credit

Go Total Eligible Credit = Total Itc-(Itc for Personal Expenses+Itc for Exempted Supplies+Non Eligible Itc)

Taxable Income for Individual

Go Taxable Income for Individual = Gross Total Income-ceil(Total Exemptions)-Total Deductions

GST Excluding Amount

Go Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)

Partly Exempted

Go Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit

Retail Price

Go Retail Price = round(Price/(1+Percent),2)

Goods and Service Tax

Go Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate

Common Credit

Go Common Credit = Total Eligible Credit-Normal Input Tax Credit

Sales Tax Amount

Go Sales Tax Amount = Price*(Sales Tax Percentage/100)

Tax Equivalent Yield

Go Tax Equivalent Yield = Tax Free Yield/(1-Tax Rate)

Effective Tax Rate

Go Effective Tax Rate = Tax Expense/Pre Tax Income

Total Sales Tax

Go Total Sales Tax = Price+Sales Tax Amount

Net Price

Go Net Price = Cost of Product+Gst Amount

GST Excluding Amount Formula

Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)
GEA = floor(GIA)/(1+GR/100)

What is GST Excluding Amount ?

GST Excluding Amount refers to the original cost of a product or service before the Goods and Services Tax (GST) has been added. In other words, it's the price of the item or service without including the tax. It is important for various financial and accounting purposes, as it helps in understanding the base price of goods or services before any taxes are applied. It's often used in calculating taxes or understanding the breakdown of costs. GST is a comprehensive tax levied on the manufacture, sale, and consumption of goods and services in the country. Different small and large organizations are required to have a GST Identification Number to get registered under GST policy. When any kind of sales transaction is made within states (Inter-state), Integrated GST is charged. For any intra-state sales, Central GST and State GST are levied.

How to Calculate GST Excluding Amount?

GST Excluding Amount calculator uses Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100) to calculate the Gst Excluding Amount, The GST Excluding Amount represents the base price of the item or service without any taxes included. Gst Excluding Amount is denoted by GEA symbol.

How to calculate GST Excluding Amount using this online calculator? To use this online calculator for GST Excluding Amount, enter Gst Including Amount (GIA) & Goods and Service Tax Rate (GR) and hit the calculate button. Here is how the GST Excluding Amount calculation can be explained with given input values -> 525.7371 = floor(526.1)/(1+0.05/100).

FAQ

What is GST Excluding Amount?

The GST Excluding Amount represents the base price of the item or service without any taxes included and is represented as GEA = floor(GIA)/(1+GR/100) or Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100). Gst Including Amount refers to the total price of a good or service, including the Goods and Services Tax (GST) & Goods and Service Tax Rate refers to the percentage of tax applied to the sale of goods and services.

How to calculate GST Excluding Amount?

The GST Excluding Amount represents the base price of the item or service without any taxes included is calculated using Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100). To calculate GST Excluding Amount, you need Gst Including Amount (GIA) & Goods and Service Tax Rate (GR). With our tool, you need to enter the respective value for Gst Including Amount & Goods and Service Tax Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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