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gst tax calculator australia with example

GST Tax Calculator Australia With Example

GST tax calculations in Australia can be done easily using this GST calculator. The Goods and Service Tax Act of Austrlia came into operation on 1 July 2000. Previously Australia had Federal Wholesale Sales Tax system and numerous other taxes. Quarterly revenues under Goods and Services tax of Australia is expected to cross more than 14000 ($millions) in the coming financial year.

In Australia, the GST is a VAT [value added tax] of 10% on most goods and services sales. Under the act all such business whose turnover is more than $75,000 per annum should register for GST. There are discussions to increase GST rate to 15% however that has been not been given much support by the parties.

GST Tax calculator makes tax calculation under GST easy and accurate. Submitting Business Activity Statements (BAS) is a quite a time taking task but this GST calculator will make it easy for you.

GST Calculator Australia

Goods and Services Tax Calculator Australia


Original Cost [Value before GST]
GST Price [Calculated GST]
Net Price [Total cost after GST]

Explanation of the GST Calculation Formula

GST Amount = ( Original Cost * GST% ) / 100
Net Price = Original Cost + GST Amount

Remove GST
GST Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + GST% ) ) )
Net Price = Original Cost – GST Amount

Example: A product is sold from place A to Place B at the rate of Rs.2000. GST rate is 10 %. What is the net price?
Solution :
= 2000 x (10 / 100)
= Rs.200
Hence the net price is 2000 + 200 = 2200$

Original Cost: 3000 $
GST %: 10
GST Price: 300 $
Net Price: 3300 $

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