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MyGreatIdea
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Vikash, post: 131623 wrote:
Last year I made less than 75K, however this year (after being 3 months into the year) I noticed I might be making over 75K this year.

The turnover threshold is not restricted to a financial year. This is from the ATO downloadable “GST for Small Business

“You reach the GST turnover threshold if either:
1) your turnover for the current month and the previous
11 months is $75,000 ($150,000 for non‑profits) or more
– current GST turnover, or
2) your turnover for the current month and the next 11 months
is*likely to be $75,000 ($150,000 for non‑profits) or*more
– projected GST turnover.”

Hope that helps

Wendy :)