Welcome to our GST Calculator. It's a free financial web application where you can add or remove goods and service tax to any given price. Just enter the price in the input box and press the "Add GST" or "Remove GST" buttons. As a result, you will get the Net price, GST, and Gross price on your screen.
GST stands for "Goods and Services Tax". It's an official tax that applies to the sale of almost all goods and services in Australia and many other countries. The rate of GST is decided by the Australian Government. It's one type of indirect and comprehensive taxation. Also, it's charged on almost all types of products, goods, and services within the boundary of the nation.
Customers indirectly pay GST when they purchase the products. After that, the seller pays the tax amount to the Government. This is the flow of the Australian taxation process.
The current standard GST rate in Australia is "10%".
It was implemented on the 1st of July, 2000. It brought a progressive change to the Australian economy and also replaced the wholesale tax system.
Our GST Calculator takes the current rate (10%) automatically during the calculation. Therefore, you don't need to enter it manually.
GST is applied to all the businesses in Australia whether it is profit organizations, non-profit organizations, or self-employed individuals.
In Australia, it's necessary to register GST for businesses having a gross turnaround of about A$75,000 or more. For non-profit organizations, it's A$150,000 per year or more.
Businesses or enterprises include GST on their product selling price. Also, the Australian government allows you to claim tax credits when you buy any GST included goods or services for your business.
It's very simple to calculate GST manually. There are two possibilities that we need to figure out.
Now let's take some examples to understand it.
Suppose, GST exclusive price is $2300. Find out how much GST do I need to add to the initial value.
To add or include GST on $2300, we need to multiply the exclusive amount by "0.1".
GST = $2300 × 0.1 = $230
Net Price = $2300
GST = $230
Gross Price = $2300 + $230 = $2530
Therefore, you need to add $230 as GST to sell a $2300 price product.
Find out how much GST included in $4500?
To remove or exclude GST on $4500, we need to divide the inclusive amount by "11". Also, you can directly get the Net price by dividing the inclusive amount by "1.1".
GST = $4500 / 11 = $409.09
Net Price = $4500 / 1.1 = $4090.91
Gross Price = $4500
GST = $409.09
Net Price = $4500 - $409.09 = $4090.91
Our GST Calculator follows the same process to calculate the Net amount, GST, and Gross amount. If the amount is big then it's not convenient to calculate it manually. So, in this case, you can use our tool to sort out any big figures.
Using the Goods and Services Tax Calculator you can quickly and accurately include or exclude GST rate from any price.
Let's know how to use it.
Firstly, it's an online tool. So, you need to open our GST Calculator to any web browser and follow the steps below.
The first step is to enter the price that can be GST included or excluded.
You can see that the second option is to enter the GST rate in percentage. By default, it is set to 10%. But you can change it if you want to calculate GST for other countries.
Simply use the "Add GST" button if you want to include a tax on your price. Similarly, use the "Remove GST" button to exclude or remove GST(%) from the initial amount.
Finally, you will get the Net Price, GST, and Gross Price just bottom of the calculator. For re-calculation use the "Reset" button. It will empty all the fields.
There is a dropdown option to change the country. Therefore, you can choose the other countries and calculate the other countries' GST. It will take the appropriate country's GST percentage(%) rate automatically when you choose it.
The current standard Goods and Service Tax rate in Australia is 10%.
Note: Please check the latest updated GST tax rate from the nation's official government website.
There are two possible ways to find GST.
Yes, of course, you can change the GST rate(%). The GST rate field is editable. So, you can enter whatever number you want.
No, there are not any calculation limits or charges to use our tool. It's completely free and you can use it as many times as you want.