This is very easy to use 5% GST Calculator. Calculate inclusive, exclusive or reverse 5% GST with this calculator.
5% GST rate is calculated in Canada and Jersey
How to calculate 5% GST manually
- It is very easy to calculate GST at 5% rate: just multiple your GST exclusive amount by 0.05.
$10 is GST exclusive value
$10 * 0.05 = $0.5 GST amount
- To get GST inclusive amount multiply GST exclusive value by 1.05
$10 is GST exclusive value
$10 * 1.05 = $10.5 GST inclusive amount
- To get GST part of GST inclusive amount you need divide GST inclusive amount by 105 and multiply by 5
$105 is GST inclusive value
($105 / 105) * 5 = $5 GST value
- To get GST exclusive amount while knowing GST inclusive value you need to multiply GST inclusive price by 100 ant then divide result by 105