Completing your GST every two months has added advantages:
- We identify areas of concern early
- It means your annual accounts take less time for us to prepare - saving you money
To add GST on an exclusive figure you multiply by 1.15 i.e. 100 + GST = 115. To work out the GST by itself, just multiply by 0.15
To work out the GST on an inclusive figure, you divide it by 23 then multiply by 3 i.e. Price 115 including you divide it by 23 and multiply by 3 and you will come up with 15. To work out the net price you must take the GST away from the inclusive price.