You will need to register for Goods and Services Tax (GST) if you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations), or you provide taxi travel (including ride-sourcing).
GST is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Generally, businesses and other organisations registered for GST will:
- include GST in the price they charge for their goods and services
- claim credits for the GST included in the price of goods and services they buy for their business.
Not every business or enterprise needs to be registered for GST, but penalties may apply if you fail to register when required to do so. Once you are required to register for GST, you need to do so within 21 days. Please refer to the attached 'When You Need to Register'.
