Not all the businesses are required to register for GST unless they meet the specific guidelines as set out in the legislation. 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.

AIFA Accountants we will:

• Applying for Australian Business Number (ABN) and registering for GST.
• Preparation and Lodgement of Quarterly Business Activity Statement (BAS).
• ATO Audit and Compliance assistant.