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FORMULA CHAPTER

ICSE Class X Mathematics – Goods and Services Tax (GST) Formulas

ICSEClass 10Mathematics8 formulas
ICSE Class X GST formulas for discount, taxable value, GST, CGST, SGST, invoice value and inverse commercial-mathematics problems.
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1
\mathrm{SP}=\frac{100-\mathrm{Discount\ Rate}}{100}\times \mathrm{MP}
2
\mathrm{SP}=\frac{100+\mathrm{Profit\ Rate}}{100}\times \mathrm{CP}
3
\mathrm{GST}=\frac{\mathrm{Rate\ of\ GST}}{100}\times\mathrm{Selling\ Price}
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CGST = GST / 2
5
SGST = GST / 2
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GST = CGST + SGST
7
Price including GST = SP + GST
8
Net GST Payable = Output GST − Input GST