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.

 

 

components

Log in to Hikashop by clicking on Components > Hikashop

taxes (2)

Click on System >Taxes

managerates

In the Tax Rules screen, click Manage Rates

newicon-gst

In the Rates screen, click on the New icon.

gstdefaulttax

Give a description of the tax and create a tax rate of 10%.

Click Save & Close

rates

You should now see the Rates screen with the GST default tax rate that you have created.