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Indian GST calculated wrong

Indian GST calculated wrong

Equelle
New Member
4 0 0

Hi, 

 

My products are with a GST of 12% and is included in the product. however Shopify calculates it wrong. From example below the tax amount should be 660 ( 12% of 5500) but it calculates as 589.29 ... Please can anyone kindly help me out with this. 

 

Screenshot 2024-11-01 at 12.58.27 PM.png

Replies 5 (5)

lynth
Shopify Partner
140 6 16

Hi, are you sure you configured it correctly in settings/markets/select country/taxes?

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Equelle
New Member
4 0 0

Hi, Thanks for your quick respoonse. Yes we have configured it as per the screenshots below. 

Screenshot 2024-11-01 at 1.13.16 PM.pngScreenshot 2024-11-01 at 1.15.18 PM.pngScreenshot 2024-11-01 at 1.13.26 PM.png

Equelle
New Member
4 0 0

The GST formula is GST Amount = (Selling Price x GST Rate) / 100. 

Where can I check if this is used maybe ? 

lynth
Shopify Partner
140 6 16

Maybe this will help you:
https://www.youtube.com/watch?v=wCbOME28Aik
https://www.youtube.com/watch?v=kkGv_4eJDiM 

If my tips are useful, just mark it as the solution. Cheers!
Feeling grateful? Buy me a coffee!
Equelle
New Member
4 0 0

Thanks for the videos, We have set up everything accordingly. Only the amount calculated is shown wrong as mentioned earlier. Is there a method to check what formula Shopify is using to calculate GST ?