GST/VAT Adding and Removing - Explained:
(a) What is this? These calculators show you how to add or remove GST/VAT.
(b) What does this tell me? These calculators show you the impact of GST/VAT being added or removed.
(c) Why should I use it? To determine prices with either GST/VAT added on to the price, or removed from the price. These calculators are handy to use if you are negotiating with a supplier/vendor and they show the cost prices excluding GST/VAT, and sell prices including GST/VAT. By using these calculators you can see what the prices are with and without GST/VAT. With prices exclusive of GST/VAT, you can accurately calculate your pricing and margins.
(d) Caution: Be careful to understand where you have GST/VAT included and excluded from prices provided to you, BEFORE you use this calculator. Make sure you select the correct GST/VAT rate.
Taking GST/VAT off a Price