Goods and services tax (GST) | Essentials to strengthen your small business

Course overview

This course outlines who must register for the goods and services tax (GST). You will learn how to register for GST, how to calculate GST on sales and purchases and other business-related requirements, like invoicing, import/export implications and how to report GST to the ATO.

GST overview

3 mins

What is the goods and services tax (GST)?	0%
GST and tax – the big picture	0%

Registering for GST

4 mins

When GST applies and who must register	0%
GST turnover explained	0%
Monitoring monthly turnover and registering for GST	0%
How do I register for GST?	0%

Charging GST on sales

6 mins

Types of sales	0%
Calculating GST on sales	0%
Tax invoice requirements	0%
Mixed supplies	0%
Activity	0%
Activity	0%

GST on purchases (GST credits)

4 mins

What are GST credits and what can I claim?	0%
Calculating GST on purchases	0%
Private versus business use – partial GST credits	0%
When you cannot claim a GST credit	0%
Activity	0%

GST on imports and exports

2 mins

GST on imports and exports	0%

GST records

1 mins

Records required for GST	0%

Reporting and paying GST

5 mins

Reporting requirements for GST	0%
Choosing an accounting method for GST	0%
Activity	0%

Lodging your BAS

11 mins

Paying GST to the ATO	0%
BAS lodgment options	0%
Connecting online with the ATO	0%

Managing GST reporting errors

4 mins

What are GST errors?	0%
Correcting GST errors	0%
Fixing a GST error or making a GST adjustment	0%
Activity	0%

Related course

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%