How do you calculate 5% GST?

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. To calculate 5% GST on a product or service, first determine the total cost of the item you wish to purchase. Let's say the total cost is ₹1000.

Next, you need to calculate 5% of this amount. To find 5%, divide the total amount by 100 and then multiply it by 5.

So, for a product worth ₹1000, the calculation would be:

• Total Cost = ₹1000
• 5% of ₹1000 = ₹1000/100 x 5 = ₹50

Therefore, the 5% GST on a product or service worth ₹1000 is ₹50.

The final price inclusive of GST is the total cost and the GST amount. So, in this example, the final price is ₹1000 + ₹50 = ₹1050

By following these steps, you can easily calculate 5% GST on any product or service in India.