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.