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  • Writer's pictureJoseph Blogna

Are you registered for GST?

Updated: Oct 26, 2022

Many people fall in the trap of not registering for GST when they are required too.

You must register for GST:

  • when your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more

  • when you start a new business and expect your turnover to reach the GST threshold (or more) in the first year of operation

  • if you're already in business and have reached the GST threshold

  • if your non-profit organisation has a GST turnover of $150,000 per year or more

  • when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – this applies to both owner drivers and if you lease or rent a taxi

  • if you want to claim fuel tax credits for your business or enterprise.

How to calculated your GST Turnover:

Your GST turnover is your total business income (not your profit), minus:

  • GST included in sales to your customers

  • sales that aren't for payment and aren't taxable

  • sales not connected with an enterprise you run

  • input-taxed sales you make

  • sales not connected with Australia.

How to check if your registered for GST:

  1. Click here

  2. Search for you business using your ABN or Business Name

  3. Locate your Business and click on the ABN

4. Your GST registrations details will show up here

Still not sure, speak to us today

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