Please help me figure out how to remove GST from total amount with example.
To remove GST from the total amount, you have to do a reverse GST calculation, i.e., figure out the base price.
Before you do that understand that GST is deducted at 5%, 12%, 18% and 28%.
Assuming that GST deduction is 18%, let me help you know how to remove GST from total amount with example below:
I will first figure out base price using this formula: Base Price = Total Amount / (1 + GST Rate/100). To know the GST amount further, just subtract base price from total amount.
Assuming the total amount is 1000 and GST is deducted at 18%, this will be the calculation:
- Base Price (excluding GST) = ₹1000 / 1.18 = ₹847.46
- GST Amount = ₹1000 - ₹847.46 = ₹152.54
I hope this helps you know how to remove GST from the total amount.
In case this is slightly complicated, you can simply calculate GST deducted using a reverse GST calculator.