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 GST Inclusive 
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Joined: Thu Jul 07, 2016 1:41 am
Posts: 1
Post GST Inclusive
I saw another post requesting this, but it looks like there was some misunderstanding about the request, and nothing ended up happening, so I'll do my best to explain it.

In Australia, we have a pricing structure of 10% GST on everything. The prices advertised are like 99% of the times are GST inclusive. This is the standard pricing model.

What this means is if a price is advertised at $10, the customer only pays $10. It is then up to the business to figure out how much GST to put aside.

The formula for working out the excluding GST price is $10 / 11 * 10.

The formula for working out the GST component of a GST inclusive price is $10 / 11.

Can you guys add in a tax setting that allows for GST inclusive? Without this feature, it makes it time-consuming to work out the ex GST price for every product or service. It will allow us Australians more flexibility to price things like $1999, or $399 without having to go through the headache of working out each ex GST pricing.

Thank you for your time in reading this.

Thu Jul 07, 2016 2:35 am
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