Calculation of Taxable Value from Value including GST

Calculate Taxable Value and GST, if Value including GST is known.

Formula for calculating Taxable Value is

Value including GST * 100 
(100+Rate of GST) 

Formula for calculating GST Value is

Taxable Value * Rate of GST 
    100 

For an Example 

If Value including GST is  ₹9000/- and Rate of GST is 18%,

Calculate Taxable Amount and GST Amount 

Solution

Location: Mumbai, Maharashtra, India

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