GST overview

GST turnover for GST registration requirements

You may be required to work out your GST turnover to determine if you meet or exceed the registration turnover threshold.

Your GST turnover meets or exceeds your registration turnover threshold if either:

• your current GST turnover is $75,000 or more (excluding GST), or $150,000 for non-profit entities, and the Commissioner is not satisfied that your projected GST turnover is below $75,000 or $150,000 (excluding GST)
• your projected GST turnover is $75,000 ($150,000 for non-profit entities) or more (excluding GST).

Your 'current GST turnover' is the value of all supplies that you make, or are likely to make in the current month, plus all the supplies that you have made in the previous 11 months.

Your 'projected GST turnover' is the value of all supplies that you make, or are likely to make in the current month, plus all the supplies that you are likely to make in the next 11 months.

The following supplies are excluded from the calculation of current GST turnover and projected GST turnover:

• supplies that are input taxed
• supplies that are not for consideration
• supplies not made in connection with an enterprise that you carry on
• supplies that are not connected with Australia
• supplies that are connected with Australia because all of the following apply
• the thing is neither done in Australia nor done through an enterprise or a permanent establishment that you carried on in Australia
• the thing is a right or option to acquire another thing
• the supply of the other thing would be connected with Australia
• supplies (other than those mentioned above) of a right or option to use commercial accommodation in Australia where the supplies are not made in Australia and are made through an enterprise that the supplier does not carry on in Australia
• supplies made from one member of a GST group to another member of that GST group.

For more information on GST turnover, refer to the Goods and Services Tax Ruling GSTR 2001/7 Goods and services tax: meaning of GST turnover, including the effect of section 188-25 on projected GST turnover.

Sections within Common terms and concepts relevant to the operation of the GST system in Australia

• Accounting for GST
• Acquisition
• Australian business number
• Australian resident agent
• Activity statement - remitting GST payable on supplies and claiming GST credits for GST paid on acquisitions
• Calculating GST payable
• Certificate of Status of Enterprise
• Connected with Australia
• Consideration
• Creditable acquisition
• Creditable importation
• Creditable purpose
• Entering goods for home consumption and 'owner'
• Enterprise
• Entity
• Foreign exchange conversions
• GST-free supply
• GST credits
• GST credits and claiming income tax deductions
• GST turnover for GST registration requirements
• Input-taxed supply
• How to pay
• Non-monetary consideration for a supply
• Non-taxable importation
• Price of a supply
• Principal and agent (including Australian resident agents acting for non-residents)
• Principal and intermediary as separate suppliers or acquirers
• Private binding ruling
• Public ruling
• Recipient
• Recipient created tax invoice
• Registering for GST
• Residential premises
• Reverse charge
• Rounding of GST payable
• Supply
• Taxable importation
• Tax invoice
• Taxable supply
• Tax period
• Value of a supply