Newfoundland and Labrador Reverse GST Calculator 2024
The Newfoundland and Labrador Reverse GST Calculator allows you to calculate the cost of a product after deducting GST in 2024, if you would like to calculate GST in Newfoundland and Labrador for a different tax year then please select the relevant year from the available GST calculators. So, if you enter a product price of $ 100.00 and select a GST rate of % you will see the Net Price ($ 100.00 in this reverse GST example) and the GST amount ($ 0.00 in this reverse GST example).
If you are looking to add GST to your product for GST inclusive sales rates in Newfoundland and Labrador then please use the Newfoundland and Labrador GST Calculator for 2024 here.
Quick Reverse GST Calculation for Newfoundland and Labrador in 2024 | | Total Price inc. GST |
| − | | GST Due |
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| = | | Product/Service Price excluding GST |
Newfoundland and Labrador Reverse GST Table| Description | Price | Rate | GST | Total | Delete |
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| Total | Price | | GST | Total |
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The Newfoundland and Labrador Reverse GST Calculator is useful for calculating the net price of goods, services and products which are subject to GST (Goods Service Tax) in Newfoundland and Labrador in the 2024 tax year. This is useful for calculating how much GST is applied on a certain product and for retailers to see how much GST they must allow for when calculating the sales price of goods. The calculator allows quick reverse GST calculations and more detailed reverse GST calculations with multiple items, product/service descriptions with a running total so you can see the GST due on each product/service and the total GST due in Newfoundland and Labrador in 2024. Once you have calculated the GST due, you can print the document or email the GST document to yourself for later reference.
Newfoundland and Labrador GST formula
Goods Service Tax in Newfoundland and Labrador is calculated using the following GST formula:
GST = a x b/100
Where:
- a = The product/service that is subject to GST in Newfoundland and Labrador.
- b = The relevenat rate of GST in Newfoundland and Labrador associated with the product/service.
GST Tax Years available for Newfoundland and Labrador
We currently support the following tax years for reverse GST calculation in Newfoundland and Labrador, if you require additional tax years, please get in touch and we can add them to the list of available tax years.
GST Rates in Newfoundland and Labrador
The table below specifies the relevent GST rates applicable in Newfoundland and Labrador, these were last updated in line with the published GST rates in 2024.
Newfoundland and Labrador GST Rates| GST Rate | GST Description |
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How to reverse calculate GST in Newfoundland and Labrador
The following step-by-step guides to calculating GST online with the Newfoundland and Labrador Reverse GST Calculator covers all the functions within the Reverse GST calculator:
How to complete a Quick Reverse GST Calculation
- Select "Quick GST Calculation".
- Enter the Product/Service Price.
- Enter the Appropriate GST Rate.
- Press "Calculate GST".
The Newfoundland and Labrador Reverse GST Calculator will provide a table which specifies the product/service price, the product/service GST amount due and the total cost of the product or service in Newfoundland and Labrador. You can print/email this table as required.
How to complete a Detailed Reverse GST Calculation
- Select "Detailed GST Calculation".
- [Optional] enter the name of the product or service for which you wish to calculate GST.
- Enter the number of units being sold (3 bags, 5 SEO guest post packages, 2 new cars, 1 annual tax return etc.).
- Enter the price of the product / service detailed in step 3.
- Select the relevent GST rate that applies to your goods, product or service in Newfoundland and Labrador
- Click "Add to GST Table"
Newfoundland and Labrador Reverse GST Calculator will add your product/service to the Newfoundland and Labrador GST Table. You can then add more product and/or services as required. Each time you add new information, the total amount will be updated so you can see the total costs of goods, products and services in Newfoundland and Labrador inclusive and exclusive or GST.
If you make a mistake or simply want to remove an entry from the Newfoundland and Labrador Reverse GST Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the GST table, the calculator will automatically update the associated figures and recalculate GST, total cost of goods etc.
Please note that the Newfoundland and Labrador Reverse GST Calculator is designed to allow you to toggle between quick and Detailed calculations without losing any data that you add to the Detailed GST Table. This is useful if you need to check the individual GST amount on one unit (a single product or service) before adding it to the list of items in the GST table.