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Friday, 21 August 2020

what i learned in gst

 Today, I learned what GST is and how to calculate GST.  Good Service and Tax aka GST for short, GST is when you buy an item and give a little bit of money to the government, GST is different depends on what country you buy an item. In New Zealand, GST is 15%, so whenever you go to a shop and buy an item, and funded by the government, you give 15% of the price to the government. For example, a bottle of water can cost like 4 dollar, 15% of that are given to the government, to find out how much the GST is, you 15% divided by 100 is 0.15 next you times 0.15 to the price of the item, 0.15 times 4 is is 0.60 cent, 60 cent is the 15% price of the original price.

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