Pakistan GST Calculator

Value added taxation system was introduced in Pakistan, in the year of 2010. VAT is collected in Pakistan in the name of GST(General Sales Tax). Standard tax of 16% is collected for all the goods and services. Businesses with the yearly turnover of less than 7.5 million is exempted from the Value added tax payments.

VAT in Pakistan

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Value added taxation system was introduced in Pakistan, in the year of 2010. VAT is collected in Pakistan in the name of GST(General Sales Tax). Standard tax of 16% is collected for all the goods and services. Businesses with the yearly turnover of less than 7.5 million is exempted from the Value added tax payments.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Example

Find the VAT price and net price in Pakistan (GST % is 17) for an amount of 25000 ₨

Add Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = (25000 * 17 ) / 100
     = 4250 ₨

Step 2 :
Net Price = 25000 + 4250
     = 29250 ₨

Hence the VAT Price is 4250 ₨ and Net Price is 29250 ₨

Remove Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 17)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21367.52
                 = 25000 - 21367.52
GST Price = 3632.48 ₨

Step 2 :
Net Price = 25000 - 3632.48
                = 21367.52 ₨

Hence the VAT Price is 3632.48 ₨ and Net Price is 21367.52 ₨


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