GST Pricing Calculator

Before you change your prices to accommodate the GST change, try our GST Pricing Calculator to help you decide the best price to charge for each of your products or services.

Enter your current price: $ GST Inclusive GST Exclusive
 
Enter the current price for your product or service. If you work on an hourly rate you can enter your rate here.
Your pricing strategy: Pass the GST changes onto customers
Absorb the GST changes
Choose a new price point

Choose the first option to see what price you would charge if you passed the GST change onto your customer.

Choose the second option to see how absorbing the GST change will affect your profit.

Choose the third option to select a new price and see the effect on your profit and who carries what proportion of the GST change.

  Calculate  

The GST change will affect your pricing as follows:
  Before Oct 1 After Oct 1 Difference  
Your share:        
GST:         
Total price:        

What does this mean?

The same amount of profit for you but higher prices for your customers. If you operate in a niche market or provide products that are price sensitive your customers might be happy to pay the new GST inclusive price.

To learn more visit our Pricing strategies and the GST increase lesson.

Absorbing the GST changes means the price remains the same for your customers, but your share of the revenue will decrease . This choice might suit price sensitive products or services, where you have a number of direct competitors.

To learn more visit our Pricing strategies and the GST increase lesson.

Your new price point means your share of the revenue will change. You might want to calculate the impact of a few prices to see the implications of pricing above or below psychological price breaks.

To learn more visit our Pricing strategies and the GST increase lesson.

The same amount of profit for you but higher prices for your customers. If you operate in a niche market or provide products that are price sensitive your customers might be happy to pay the new GST inclusive price.

To learn more visit our Pricing strategies and the GST increase lesson.

Absorbing the GST changes mean the price remains the same for your customers, but your share of the revenue will decrease . This choice might suit price sensitive products or services, where you have a number of direct competitors.

To learn more visit our Pricing strategies and the GST increase lesson.

Your new price point means your share of revenue will change. You might want to calculate the impact of a few prices to see the implications of pricing above or below psychological price breaks.

To learn more visit our Pricing strategies and the GST increase lesson.