What is GST
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
Some things don’t have GST included. These are called GST-free sales.
You can use the GST calculatorExternal Link on ASIC's MoneySmart website to:
- calculate GST
- work out how much GST is included in a sale.
What registered businesses do for GST
Generally, businesses and other organisations registered for GST will:
- include GST in the price they charge for their goods and services
- claim credits from us for the GST included in the price of goods and services they buy for their business.
What you need to do for GST
You need to register for GST if you run a business or other enterprise and you either:
- have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations)
- provide taxi travel (including ride-sourcing).
You then need to:
- work out whether your sales are subject to GST. If they are you need to include GST in the price of your taxable sales.
- issue tax invoices for your taxable sales
- obtain tax invoices for your business purchases
- claim GST credits for GST included in the price of your business purchases
- account for GST on either a cash or non-cash basis
- put aside the GST you collected so you can pay it to us when due
- lodge activity statements or annual returns to report your sales and purchases
- pay GST owing to us. Alternatively, you may receive a GST refund.
See our GST definitions for explanations of the terms used in this content.
If you're a small business owner, see our GST tax basics video.