GST Calculator Maldives
GST Calculation in Maldive?
In the Maldives, the 6% GST is applied to goods and services. With the help of online GST calculator Maldives you can easily calculate your GST amount. Goods and Services Tax in India was introduced on 2nd October 2011. A manual way to find GST Inclusive and exclusive is given below
Removing GST in the Maldives
Work backward to find the GST and exclusive amounts from the total GST inclusive price we have to follow some steps
To get the GST part of the GST inclusive amount you need to divide the GST inclusive amount by 106 and multiply by 6
To get GST exclusive amount while knowing GST inclusive value you need to multiply GST inclusive price by 100 and then divide the result by 106
Example
Lets we have an amount of $300
To get GST inclusive amount these are the simple steps to work out
- Calculating GST Part
(300/106)*6=$16.98 - Net Value
(200*100)/106=$283.02
Adding GST in the Maldives
To add the GST amount just multiply the exclusive amount by 0.06
To Add 6% GST
Let’s assume we have GST exclusive amount and we have to calculate the GST inclusive these are the following steps to perform
- $200 * 6% = $12
- $200 + $12 GST= GST inclusive
Example
Lets we have a amount of $300
- $300+GST
= $300 * 0.06
= $18 is GST amount
= $318 is GST inclusive Amount