GST Solution
For reverse calculation of GST
For 28% its 21.875%
For 18% it's 15.25%
For 12% its 10.72%
For 5% it's 4.765%
For 3% it's 2.92%
For Retailers
Formula for reverse GST calculation on MRP
for
GST 5% = .95238 x MRP
GST 12% = .89286 x MRP
GST 18% = .84746 x MRP
GST 28% = .78125 x MRP
example MRP 112 GST 12%89286x112 = 100
Please cross check yourself.
FOR RETAILERS FORMULA FOR REVERSE GST CALCULATION ON MRP
GST--5% MRP ÷1.05
GST--12% MRP÷1.12
GST--18% MRP÷1.18
GST--28% MRP÷1.28
FOR EXAMPLE 18% CALCULATION MRP 3000
3000÷1.18=2542
9%=229
9%=229
G.TOTAL=3000
Construction materials GST rate.
Cement-28%
Steel - 18%
River Sand - 5%
Crush Sand - 5%
Aggregate - 5%
Marble and Granite-12-28%
Stone-5%
Red Bricks-5%
Fly Ash Bricks- 12%
Cement Block - 18%
Glass - 28%
Shahabad - 5%
Tiles - 18-28%
Wire and Cable - 28%
Paint and Varnish - 28%
Sanatary Fittings - 28%
GI Fittings - 18%
CP Fittings - 18-28%(Depends on Base Material)
Wallpapers - 28%
Key Locks - 18%
Wooden Door and window - 28%
Aluminium Windows - 18-28%.
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