💰 Understanding GST in Australia: Simple Steps to Calculate and Include GST! 🇦🇺✨

Описание: In this video, we break down the Goods and Services Tax (GST) in Australia, making it easy to understand how to calculate, add, and reverse GST for various transactions. Understanding these concepts is essential for both consumers and businesses. Here’s what we’ll cover:

Calculating GST (10%):

Finding GST: To find the GST amount, simply multiply the original price by 10% (or 0.10). For example, if an item costs $50, the GST is $50 x 0.10, which equals $5.
Including GST in the Final Price:

Final Price with GST: To find the final price including GST, multiply the original price by 1.1. For example, for an item priced at $50, the final price including GST is $50 x 1.1, which equals $55.
Reversing GST:

Original Price without GST: To find the original price before GST, divide the final price by 1.1. For instance, if the final price is $55, the original price before GST is $55 ÷ 1.1, which equals $50.
Watch this detailed video to understand more about GST: Understanding GST in Australia.
   • How the GST came to be - 20 years since th...  
This video is used under fair use for educational purposes.

By the end of this video, you’ll be able to calculate GST confidently and apply these skills in real-world scenarios. Keep practicing with various examples to master these essential calculations! 📊💡

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