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#1
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Formulas
what is the formula for calculating GST and deducting this amount at the same
time from the total - getting the net value is what I want to achieve with one formula |
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#2
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Your request was a bit cryptic because I'm not exactly sure what GST is, but
I'll take a guess. Net = Gross/ (1 + tax rate) HTH, Barb Reinhardt "Aeschi" wrote: what is the formula for calculating GST and deducting this amount at the same time from the total - getting the net value is what I want to achieve with one formula |
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#3
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GST means the goods and services tax
"Barb Reinhardt" wrote: Your request was a bit cryptic because I'm not exactly sure what GST is, but I'll take a guess. Net = Gross/ (1 + tax rate) HTH, Barb Reinhardt "Aeschi" wrote: what is the formula for calculating GST and deducting this amount at the same time from the total - getting the net value is what I want to achieve with one formula |
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#4
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Barb
GST is a Canadian term. Gord Dibben MS Excel MVP On Wed, 16 May 2007 21:41:01 -0700, Teethless mama wrote: GST means the goods and services tax "Barb Reinhardt" wrote: Your request was a bit cryptic because I'm not exactly sure what GST is, but I'll take a guess. Net = Gross/ (1 + tax rate) HTH, Barb Reinhardt "Aeschi" wrote: what is the formula for calculating GST and deducting this amount at the same time from the total - getting the net value is what I want to achieve with one formula |
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#5
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In Oz our GST is 10%
So, this will do the trick =A1-(A1/11) will give you the original total minus GST. HTH Michael M "Aeschi" wrote: what is the formula for calculating GST and deducting this amount at the same time from the total - getting the net value is what I want to achieve with one formula |
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