Goods & Services Tax
The Goods and Services Tax (GST) is a broad-based tax of 10 per cent on the sale of most goods and services and other things in Australia.
You must register for GST if:
- your business has a GST turnover of $75 000 or more ($150 000 or more for non profit organisations)
- you provide taxi travel as part of your business, regardless of your GST turnover.
By registering for GST, you will be entitled to claim input tax credits for the GST included in the price paid for things that you acquire for use in your business. If you are not registered, you will not be able to claim input tax credits.
To register for GST you will need to complete an application. You use the same application to register for an Australian Business Number (ABN). You will need an ABN to be part of the GST system. Your ABN will also be your GST registration number.
What to do...
- Read more in our topic about registering for GST.
- See the Tax Office's Guide to GST for small business.
- Register online, if you have an ATO digital certificate (find out how to register for a digital certificate), or
- phone 1300 720 092 to request a copy of the Add a new business account form to complete, or
- through your tax agent.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
