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GST Excluding Amount Formula

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Gst Excluding Amount refers to the price of a good or service before the Goods and Services Tax (GST) is added. Check FAQs

GEA = \frac{⌊ GIA ⌋}{1 + \frac{GR}{100}}

GEA - Gst Excluding Amount?GIA - Gst Including Amount?GR - Goods and Service Tax Rate?

GST Excluding Amount Example

With values

With units

Only example

Here is how the GST Excluding Amount equation looks like with Values.

Here is how the GST Excluding Amount equation looks like with Units.

Here is how the GST Excluding Amount equation looks like.

525.7371 = \frac{⌊ 526.1 ⌋}{1 + \frac{0.05}{100}}

525.7371 = \frac{⌊ 526.1 ⌋}{1 + \frac{0.05}{100}}

525.7371 = \frac{⌊ 526.1 ⌋}{1 + \frac{0.05}{100}}

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GST Excluding Amount Solution

Follow our step by step solution on how to calculate GST Excluding Amount?

FIRST Step Consider the formula

GEA = \frac{⌊ GIA ⌋}{1 + \frac{GR}{100}}

Next Step Substitute values of Variables

∴

GEA = \frac{⌊ 526.1 ⌋}{1 + \frac{0.05}{100}}

Next Step Prepare to Evaluate

∴

GEA = \frac{⌊ 526.1 ⌋}{1 + \frac{0.05}{100}}

Next Step Evaluate

∴

GEA = 525.737131434283

LAST Step Rounding Answer

∴

GEA = 525.7371

GST Excluding Amount Formula Elements

Variables

Functions

Gst Excluding Amount

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

Symbol: GEA

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Gst Excluding Amount

Gst Including Amount

Gst Including Amount refers to the total price of a good or service, including the Goods and Services Tax (GST).

Symbol: GIA

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Gst Including 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

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.

Syntax: floor(Number)

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 GST Excluding Amount?

GST Excluding Amount evaluator uses Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100) to evaluate 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 evaluate GST Excluding Amount using this online evaluator? To use this online evaluator for GST Excluding Amount, enter Gst Including Amount (GIA) & Goods and Service Tax Rate (GR) and hit the calculate button.

FAQs on GST Excluding Amount

What is the formula to find GST Excluding Amount?

The formula of GST Excluding Amount is expressed as Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100). Here is an example- 525.7371 = floor(526.1)/(1+0.05/100).

How to calculate GST Excluding Amount?

With Gst Including Amount (GIA) & Goods and Service Tax Rate (GR) we can find GST Excluding Amount using the formula - Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100). This formula also uses Floor (floor) function(s).

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GST Excluding Amount Formula

GST Excluding Amount Example

GST Excluding Amount Solution

GST Excluding Amount Formula Elements

Other formulas in Tax category

How to Evaluate GST Excluding Amount?

FAQs on GST Excluding Amount

Variable Name