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Goods and Service Tax Formula

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Goods and Service Tax is a consumption tax levied on the supply of goods and services in many countries around the world. Check FAQs

GST = TA \cdot GR

GST - Goods and Service Tax?TA - Taxable Amount?GR - Goods and Service Tax Rate?

Goods and Service Tax Example

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With units

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Here is how the Goods and Service Tax equation looks like with Values.

Here is how the Goods and Service Tax equation looks like with Units.

Here is how the Goods and Service Tax equation looks like.

26 = 520 \cdot 0.05

26 = 520 \cdot 0.05

26 = 520 \cdot 0.05

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Goods and Service Tax Solution

Follow our step by step solution on how to calculate Goods and Service Tax?

FIRST Step Consider the formula

GST = TA \cdot GR

Next Step Substitute values of Variables

∴

GST = 520 \cdot 0.05

Next Step Prepare to Evaluate

∴

GST = 520 \cdot 0.05

LAST Step Evaluate

∴

GST = 26

Goods and Service Tax Formula Elements

Variables

Goods and Service Tax

Goods and Service Tax is a consumption tax levied on the supply of goods and services in many countries around the world.

Symbol: GST

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Goods and Service Tax

Taxable Amount

Taxable Amount refers to the portion of a transaction or income that is subject to taxation.

Symbol: TA

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Taxable Amount

Goods and Service Tax Rate

Goods and Service Tax Rate refers to the percentage of tax applied to the sale of goods and services.

Symbol: GR

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Goods and Service Tax Rate

Other formulas in Tax category

Go Tax Equivalent Yield

TEQY = \frac{TFY}{1 - TR}

Go Sales Tax Amount

STA = P \cdot (\frac{ST}{100})

Go Total Sales Tax

TST = P + STA

Go Effective Tax Rate

ETR = \frac{TEE}{EBT}

How to Evaluate Goods and Service Tax?

Goods and Service Tax evaluator uses Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate to evaluate the Goods and Service Tax, Goods and Service Tax is an indirect tax imposed on the supply of goods and services. Goods and Service Tax is denoted by GST symbol.

How to evaluate Goods and Service Tax using this online evaluator? To use this online evaluator for Goods and Service Tax, enter Taxable Amount (TA) & Goods and Service Tax Rate (GR) and hit the calculate button.

FAQs on Goods and Service Tax

What is the formula to find Goods and Service Tax?

The formula of Goods and Service Tax is expressed as Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate. Here is an example- 26 = 520*0.05.

How to calculate Goods and Service Tax?

With Taxable Amount (TA) & Goods and Service Tax Rate (GR) we can find Goods and Service Tax using the formula - Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate.

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Goods and Service Tax Formula

Goods and Service Tax Example

Goods and Service Tax Solution

Goods and Service Tax Formula Elements

Other formulas in Tax category

How to Evaluate Goods and Service Tax?

FAQs on Goods and Service Tax

Variable Name