Arkwealth
Tax & income

Add or remove Australia's 10% GST and see the GST credit a registered business can claim on its BAS.

The price you have is

$
$1,000$1,000,000

GST on business assets

Australian GST is 10% and is collected by the ATO. If your business is registered for GST and buys the asset on a chattel mortgage, you can usually claim the GST back as a GST credit on your next BAS. A finance lease spreads the GST across each repayment instead.

GST component

$15,000.00

Australian GST at 10%
Price excluding GST
$150,000.00
GST (10%)
$15,000.00
Price including GST
$165,000.00
GST credit you may claim on your BAS
− $15,000.00

Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.

How it works

How the gst figures are worked out

  1. 01

    Australian GST is 10%. Enter a price that includes or excludes it.

  2. 02

    The calculator shows the GST component and both prices.

  3. 03

    A GST-registered business buying on a chattel mortgage can usually claim the GST as a credit on its BAS.

Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.

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