Answers

VAT Calculator answers

Most goods and services moved to GST in 2017. VAT still applies in limited cases such as some petroleum products for certain states and legacy contracts. Many people search VAT for simple tax math on old invoices.

The United States has no federal GST. State and city sales tax is often about 0% to 10%. Canada uses 5% GST or 13% to 15% HST. The UK standard VAT rate is 20%, with 5% and 0% on some goods. Australia GST is 10%. Germany VAT is 19% or 7%. India GST slabs are 0%, 5%, 12%, 18% and 28%, split into CGST and SGST inside a state. The header country menu switches the name, the preset rates and the currency.

A worked check

On a 10,000 net price, 20% UK VAT adds 2,000 and the gross price is 12,000. The same 10,000 with 10% Australia GST adds 1,000. To remove 20% VAT from a 12,000 gross price, divide by 1.20. The net is 10,000 and the tax is 2,000. Subtracting 20% of 12,000 is the wrong way to remove tax.

01. Is VAT still used in India after GST?

Most goods and services moved to GST in 2017. VAT still applies in limited cases such as some petroleum products for certain states and legacy contracts. Many people search VAT for simple tax math on old invoices.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

02. How was VAT calculated on invoices?

VAT was charged on the value added at each stage with input tax credit. For a quick estimate on a single price, enter amount and VAT rate like any sales tax.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

03. What is the difference between VAT and GST?

GST is a unified national tax with CGST, SGST or IGST. VAT was state-level and varied by product. For new business billing in India, GST is the norm.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

04. Can I use this for UAE or other country VAT?

The math is the same percent on amount. Select or enter the rate that applies in that country. Indian GST tools may use different default slabs.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

05. How do I extract VAT from a tax-inclusive price?

Divide the inclusive price by one plus rate percent to get the pre-tax base. The difference is the VAT portion. Our calculator does this when you pick inclusive mode.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

06. Do small businesses still file VAT returns?

Most former VAT dealers now file GSTR under GST. If you are unsure which regime applies to you, ask a local CA.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

07. Is this VAT figure valid for statutory filing?

This is a helper for arithmetic only. Official returns need your books and applicable law. Not tax advice.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

08. Does this VAT tool cost anything?

No. Free to use on the web without creating an account.

Open the VAT Calculator and change one number. You can see which result moves. The country menu changes the currency symbol. The formula stays the same.

Keep going

These pages explain the arithmetic. They are not a loan approval, tax filing, insurance quote or investment recommendation.