Setup Hikashop to Calculate GST
According to the Australian Taxation Office, if your business turns over $75,000 or more per annum, you need to calculate the goods and services tax (GST). The seller must add 10% to the cost of their goods or services. This step-by-step procedure shows you how to set the default tax rate so that 10% is calculated for each item sold.
Log in to Hikashop by clicking on Components > Hikashop
Click on System >Taxes
In the Tax Rules screen, click Manage Rates
In the Rates screen, click on the New icon.
Give a description of the tax and create a tax rate of 10%.
Click Save & Close
You should now see the Rates screen with the GST default tax rate that you have created.