Home – New Forums Money matters GST Claim question Reply To: GST Claim question

#1067017
AgentMail
Member
  • Total posts: 1,741
Up
0
::

I am going to advise you to take the advice of your accountant, or at least only take the advice of another qualified tax agent/accountant.

Having said that, whether you are registered for GST or not, only affects whether you can collect GST on your sales and thus claim back in your BAS any GST that you have paid. Just because you are not registered for GST, this does not ommit you from paying GST on goods and services that you use. It would be a nice loophole though.

I am registered for GST but also do not reach the $75k threshold. Anything I buy for the business, I get to claim the GST portion back. Sometimes, I might buy equipment which is $5-6000, so getting the GST back is certainly useful.