GST / VAT Tax EngineGrowth / Professional Plan
Automated tax calculation, input tax credit matching, and tax return filing reports.
Output Tax (Collected)
$6,300
Input Tax Credit (Paid)
$3,240
Net Tax Payable to Govt
$3,060
Tax Breakdown Summary
| Tax Category | Default Rate | Taxable Gross Amount ($) | Tax Amount ($) |
|---|---|---|---|
| Output GST/VAT (Collected on Sales) | 18% | $35,000 | $6,300 |
| Input GST/VAT (Paid on Purchases) | 18% | $18,000 | $3,240 |
| Net Tax Payable | $3,060 | ||