How To Calculate

Australian GST?
freegstcalculator.com.au
Introduction to GST
• What is GST?
• A Value Added Tax (VAT) on Most
Goods and Services
• 10% GST Rate in Australia
Calculating GST
• GST Calculation Formula:
⚬ GST Amount = Total Price x 10%
• Example:
⚬ Product Price: $100
⚬ GST Amount: $100 x 10% = $10
• Total Cost Including GST: $100 + $10 = $110
Input and Output Tax
• Input Tax Credits (ITCs): GST Paid on Business Expenses
• Output Tax: GST Collected from Sales
• Net GST: Calculated by Deducting ITCs from Output Tax
• Businesses Submit Net GST to the ATO
Compliance and Reporting
• Businesses with GST Turnover ≥ $75,000 Must Register for GST
• Regular Reporting: Business Activity Statements (BAS)
• GST Reporting Periods: Monthly, Quarterly, or Annually
• Accuracy is Key: Penalties for Incorrect Reporting
Calculate GST Easily & Free
Using
FreeGSTCalculator.com.au