Tuesday, July 24, 2018

GST:::--

How do you calculate GST from a total?
When adding 10% to the price is relatively easy (just multiply the amount by 1.1), reverse GST calculations are quite tricky:
  1. To figure out how much GST was included in the price you have to divide the price by 11 ($220/11=$20);
  2. To work out the price without GST you have to divide the amount by 1.1 ($220/1.1=$200)
Which country started GST first?
The goods and services tax (GST) is a comprehensive value-added tax (VAT) on goods and services. France was the first country to introduce this system in 1954. Today, it has spread to over 140 countries.

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