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 Gst101a 2017-2025

Gst101a 2017-2025 Form

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an introduction to gst registering and the filing options when you're looking to register or newly registered there's important information you should know we'll cover what gst is how it's calculated registering for gst and the filing and accounting options so what is gst it's a tax charged on most goods and services and the rate is 15 if you're adding gst on to your sales then add 15 to the starting price so if you're charging 100 plus gst you calculate fifteen percent of one hundred dollars this is fifteen dollars and your total charge including the gst is one hundred and fifteen dollars if you need to work out the gst on an expense you don't use 15 this is because we're trying to work out 15 of the original cost not 15 of the 115 to do this we take the total cost multiply by 3 and divide by 23 for example if the expense is 115 dollars including gst we take the 115 and multiply by 3. this gives us an answer of 34

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