Quote:
Originally Posted by HammocksAust  Also if you are a small business and have a turnover over (revenue) of less than $75,000 you do not need to charge GST. |
Hmm. I was interested to know whether or not you had to register if you didn't know whether you'd be likely to have a GST turnover exceeding $75K or not. It seems from that page that you have to register if -
1) Your GST turnover for the past 12 calendar months at any point has gone above $75K, or
2) Your projected 12-month GST turnover seems like it will go over $75K.
Presumably, if your business income is totally chaotic and unpredictable, you'd stick to the first option.
Interestingly, as someone who might conceivably supply business advice to international customers, I note that sales unconnected with Australia in any way are not part of the GST turnover. So if I (for example) made $70,000 a year consulting to Australian customers, and $700,000 a year consulting overseas, I wouldn't technically have to register.