Does your business have a GST turnover of $75,000 or more ($150,000 or more if it is a non-profit organisation) or provide taxi travel?
Register for GST Work out whether your sales are taxable, GST-free or input taxed Include GST in the price of your taxable sales Issue tax invoices for your taxable sales Obtain tax invoices for your business purchases that have GST included in their price Work out whether you have any adjustments Account for GST on a cash or non-cash basis Report your sales and purchases by lodging activity statements (even if the amount to be reported is zero) and pay GST. You can also claim GST credits for GST included in the price of most business purchases. IMPORTANT DISCLAIMER: The material contained in these Frequently Asked Questions is in the nature of general comment only, and neither purports, nor is intended to be advice on any particular matter. Readers should not act or rely upon any matter or information contained in or implied by this publication without taking appropriate professional advice which relate specifically to their particular circumstances.
