The following Excel formula demonstrates how to calculate the non-GST value from a GST-inclusive amount.
For example – If you have a GST-inclusive amount of $120 with a GST rate of 10%, you can use this formula to find the non-GST value.
= Amount / (1 + GST Rate)
How to use the formula
- In an Excel cell, enter the formula mentioned above.
- Replace “Amount” with the GST-inclusive value you want to calculate the non-GST value for.
- Replace “GST Rate” with the applicable GST rate.
- For example
=120 / (1 + 0.10)
- Press Enter to calculate the formula.
- The result displayed in the cell will be the non-GST value.
The result will be the non-GST value.
Note:
- this formula works on the principle that the GST rate is a decimal value. If you have a GST rate in percentage format, such as 10%, convert it to a decimal by dividing it by 100.