The GST Rate(s) Applied on the Invoice in Australia
The GST rate is the percentage applicable to the value of goods sold. It is a consumer tax and is therefore applied to the value of goods sold. The primary mechanism of the application or calculation of GST:
Price inclusive of GST = Price exclusive of GST * (100 + GST rate) / 100
Price exclusive of GST = Price inclusive of GST / (100 + GST rate) * 100
GST rate = (Price inclusive of GST / Price exclusive of GST - 1) * 100
There is a 10% standard GST rate in Australia, however some categories of products or services may have reduced GST rates or to be exempt from GST.
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