Change in GST

On the face of it, the upcoming GST rate increase is easy to understand – a 2.5% increase from 12.5% to 15% on 1st October 2010. However, many organisations are starting to realise that things are actually more complex, and a set of common questions is emerging.

With the deadline fast approaching, organisations, no matter what size or trade, need to understand how the change impacts their business. This includes internal business systems and websites.

Changes to your website

It is important to identify what aspects of your website will need updating for the new GST rate. Below is a checklist that identifies areas of your website that will need updating:

• Reverse calculatation of GST off a product price
• Adding GST to a cart total within your e-commerce store
• You have many products that need their prices changed

Updating your website