How to calculate GST exclusive amount NZ?
Here is how you can calculate the GST exclusive amount in NZ. You need to follow the GST-exclusive amount formula.
GST Calculation Formula:
GST Exclusive Amount = Total Amount / [1 + (GST rate / 100)]
Example:
Product cost including GST is 200, and the GST rate is 15%
GST Exclusive Amount = 200 / [1 + 0.15]
GST Exclusive Amount = 200 / 1.15
GST Exclusive Amount = 173.91