1. Invoice Generation (Tax Exclusive to Tax Inclusive)
Add applicable GST/VAT percentages (such as 5%, 12%, 18%, or 28%) to baseline service or product rates for billing.
Example: Calculating an $18.00 GST tax charge on a $100.00 consulting service for a $118.00 final invoice total.
2. Reverse GST Calculation (Extracting Base Cost)
Extract the net product price and embedded tax amount from an all-inclusive retail invoice or store receipt.
Example: Determining that a $1,180 all-inclusive camera purchase contains exactly $1,000.00 base cost and $180.00 GST.
3. Tax Filing & Accounting Reconciliation
Quickly reconcile monthly purchase vouchers and identify input tax credits (ITC) during tax filing seasons.
Example: Separating tax and subtotal components across a bundle of restaurant and travel expense receipts.