• Business norms percentages No. 4 - fresh fish retailers

    Am I an eligible fresh fish retailer?

    You may be eligible to use the business norm percentages to estimate your GST-free sales and purchases if your fresh fish retail shop:

    • mainly sells fresh fish and other seafood, with some sales of cooked fish and chips, and
    • is not a 'fish and chip shop' or takeaway that mainly sells cooked fish and chips with only a very small amount of fresh seafood sales.

    Your fresh fish retail shop must also:

    • be registered for GST
    • have a simplified GST accounting methods (SAM) turnover of $2 million or less
    • not have point-of-sale equipment that can identify and record your mix of taxable and GST-free sales, and
    • sell taxable and GST-free food from the same premises.

    If you meet all of the eligibility requirements, you can use the business norm percentages to estimate your GST-free sales and purchases at the end of each tax period, rather than having to record every transaction at the point of sale.

    Fresh fish retail shops business norms percentages

    GST-free sales


    GST-free purchases


    If you do not want to use the business norms simplified accounting method, you can use the snapshot simplified accounting method.

    If you do not want to use any of the simplified accounting methods you must work out the amount of GST you are liable to pay by accounting for each of your transactions.

    More information

    For more information refer to:

    To obtain this information:

    • phone 13 28 66, or  
    • write to us at
      Australian Taxation Office
      PO Box 3524
      ALBURY NSW 2640.

    If you do not speak English well and want to talk to a tax officer, phone the Translating and Interpreting Service on 13 14 50 for help with your call. If you have a hearing or speech impairment and have access to appropriate TTY or modem equipment, phone 13 36 77. If you do not have access to TTY or modem equipment, phone the Speech to Speech Relay Service on 1300 555 727.

      Last modified: 29 Feb 2012QC 16268