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T to use the calculation sheet method to work out GST amounts) Name Do not lodge the calculation sheet with your BAS Show amounts at these labels on your BAS We recommend you file it with a copy of the BAS to which it relates GST amounts you owe the Tax Office from sales G1 $ .00 G1 on the BAS G1 Total sales (including any GST) G2 Export sales G2 $ .00 G2 on the BAS G3 Other GST-free sales G3 $ .00 G3 on the BAS G4 Input taxed sales G4 $ .00 G5 G2 + G3 +.

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To work out the cost of an item including GST, multiply the amount exclusive of GST by 1.1. To work out the GST component, divide the GST inclusive cost by 11.

In fact, we need to divide by 11 to find the GST then multiply by 10 to find the GST exclusive price. For example, if we want to find both the GST paid on a $100 product and the GST-exclusive price of a $100 product, use the following steps: $100 divided by 11 = $9.09. $9.09 is the GST.

To work out the cost of an item including GST, multiply the amount exclusive of GST by 1.1. To work out the GST component, divide the GST inclusive cost by 11.

The GST Calculation Worksheet shows how GST is calculated for the older Business Activity Statement.

The formula for calculating your GST taxes is exceedingly simple: you take the cost of the product, multiplied by the GST rate on that product or service, and then multiply by 100.

Goods and services tax (GST) is a tax of 10% on most goods, services and other items sold or consumed in Australia. If your business is registered for GST, you have to collect this extra money (one-eleventh of the sale price) from your customers. You pay this to the Australian Taxation Office (ATO) when it's due.

To calculate the amount of GST that is being charged when it's already included in the price, simply divide the total cost by 11. The resulting figure is the GST amount included in the price. So an item that costs $275 with GST can be divided by 11. So $275 divided by 11 equals $25.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232