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    relic's Avatar
    relic Posts: 3, Reputation: 1
    New Member
    		  
    #1

    May 8, 2007, 07:32 AM
    GST calculations
    I wanted to know how you take a total that already includes 6% gst and find out exactly how much gst was paid? Example: 45.00 includes 6% Gst-how much of the $45.00 is actually GST?:confused: Please show calculation. Thanks!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    May 8, 2007, 09:46 AM
    Gst?
    The Texas Tax Expert's Avatar
    The Texas Tax Expert Posts: 310, Reputation: 7
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    #3

    May 8, 2007, 07:17 PM
    $45/1.06 will give you the pre-GST price.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    May 9, 2007, 12:55 PM
    I assume that GST is General Sales Tax. If so, I endorse TTE's answer.
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
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    #5

    May 9, 2007, 01:31 PM
    Goods and Services Tax (Federal Tax in Canada) but yes, correct answer was above
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #6

    May 10, 2007, 01:07 PM
    Aha, something I have NO expertise in!

    Thank you, LowTax!
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