Page 20 - LEARNER GUIDE FNSACC313
P. 20

Perform Financial Calculations


                   GST
                   In Australia the Goods and Sales Tax (GST) rate on all taxable items of goods, and services,
                   is 10%.  You should note that there are a few exemptions for GST and these will be identified
                   by the organisation that you work for. So, always follow the policy and procedures of that
                   organisation, and if you are not sure ask for clarification.  In Goudenna Linings Pty Ltd there
                   are no exemptions of goods sold.
                   It is important to note whether a figure is GST ​inclusive​, or ​does not include​ GST.  Look at
                   the two invoices below and identify which one includes GST, and which one does not.









































































                   Anne Bowden                                                      ©2020
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