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  • Registering for GST

    Do you have to register your business for GST?

    You must register for GST if any of the following apply:

    • you are in business and your annual business income is $75,000 or more a year (or you think it will be) or $150,000 or more for non-profit organisations
    • you provide taxi travel as part of your business. Taxi travel means transporting passengers by taxi or limousine for fares
    • you want to claim fuel tax credits.

    If your annual business income is less than $75,000 (or $150,000 for non-profit organisations), you don't have to register for GST but you can choose to register.

    Registering for GST means you can claim back the GST you pay on goods and services you buy for your business - but only if you have a tax invoice from your supplier.

    Example

    Anh's bakery sells a variety of pre-packaged drinks, including soft drinks and flavoured milks such as chocolate milk.

    Every three months, Anh purchases 200 pre-packaged chocolate milks from her supplier for $110 including GST. She receives the invoice from her supplier and she pays the supplier $110.

    As Anh's business is registered for GST, she can claim $10 as GST credit from the ATO. Anh needs to keep her tax invoice to do this.

    End of example
      Last modified: 30 Nov 2012QC 26712