What Is GST?

What GST Means

GST means Goods and Services Tax. In reverse tax calculation, it identifies the tax label and rate that must be removed from a tax-inclusive total before you calculate the net price and tax included.

How GST Affects Reverse Tax

Goods and Services Tax is a federal or national consumption tax applied to taxable goods and services. Use the rate printed on the receipt or the official rate for the transaction before dividing the total by the tax multiplier.

Related Calculator Workflow

Use the Reverse Tax Calculator when the total already includes tax. For a deeper tax-type explanation, read Goods and Services Tax.