Goods and services tax (GST)

Income and GST

You do not record GST on your annual income tax return.

GST is a separate tax that you collect for the government. Although you may include GST in your sales, it is not part of your income, and you cannot claim income tax deductions against it.

You report both GST payments and credits on your Business Activity Statement (BAS).

Introduction to the Goods and services tax (GST)

4 mins

What is the Goods and services tax (GST)?	0%
Your role as a business owner	0%
GST free items and services	0%
Activity	0%
Input-tax sales	0%
Income and GST	0%

Registering for GST

4 mins

Do I need to register?	0%
Working out your GST turnover	0%
Monitoring your monthly turnover	0%
How do I register for GST?	0%
What happens if I don’t register?	0%
Activity	0%
Activity	0%

Protecting yourself and your business

7 mins

Scams, schemes and other fraudulent activities	0%
GST and fraud	0%
Fraud consequences and their impacts	0%
Keeping your information secure	0%
Staying safe online	0%
Getting support and reporting dodgy behaviour	0%
Activity	0%
Activity	0%

Collecting GST on sales

6 mins

Types of sales	0%
Calculating GST on sales	0%
Tax invoices	0%
What do I include on a tax invoice?	0%
Invoices with taxable and non-taxable sales	0%
Activity	0%
Activity	0%

Claiming GST on purchases (GST credits)

8 mins

What are GST credits?	0%
Calculating GST on purchases	0%
Private versus business use (partial GST credits)	0%
GST credits and income tax deductions	0%
Activity	0%

Claiming GST on imports and exports

3 mins

GST and imports	0%
GST and exports	0%
Activity	0%

Record keeping and GST

5 mins

Your record-keeping responsibilities	0%
What records do I need to keep for GST?	0%
How long do I need to keep GST records?	0%
Setting up a record-keeping system	0%
Record-keeping tips	0%
Activity	0%
Activity	0%

Accounting for GST

4 mins

Choosing an accounting method	0%
Accounting for GST on a cash basis	0%
Accounting for GST on a non-cash basis	0%
Activity	0%

BAS lodgment and payment options

6 mins

What is a BAS?	0%
How often do I lodge and pay?	0%
How do I lodge my BAS?	0%
Activity	0%

Completing your BAS

5 mins

GST reporting methods	0%
Simpler BAS	0%
Full reporting method	0%
GST instalment method	0%
Tips when completing your BAS	0%
Activity	0%

Managing errors and making adjustments

5 mins

When you make a mistake	0%
GST errors	0%
Correcting GST errors	0%
GST adjustments	0%
Activity	0%

Getting support when you need it

2 mins

Getting support for lodging and paying on time	0%
Contacting the ATO for support	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%