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Your GST turnover is your total business income (not your profit), minus:
- GST included in sales to your customers
- payments that aren't taxable (for example, gifts and donations to charities)
- sales not connected with a business that you run (for example, selling your home or a personal asset)
- input-taxed sales you make (for example, financial supplies and renting out residential premises)
- sales not connected with Australia (for example, income received from offshore investments).
You reach the GST turnover threshold if either:
- your current GST turnover (which is your turnover for the current month and the previous 11 months) totals $75,000 or more ($150,000 or more for non-profit organisations), or
- your projected GST turnover (which is your turnover for the current month and the next 11 months) is likely to be $75,000 or more ($150,000 or more for non-profit organisations).
Last modified: 05 Jul 2024
Goods and services tax (GST)
Steps | Progress | |||||||||||||
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Introduction to the Goods and services tax (GST) |
4 mins | |||||||||||||
Registering for GST |
4 mins | |||||||||||||
Protecting yourself and your business |
7 mins | |||||||||||||
Collecting GST on sales |
6 mins | |||||||||||||
Claiming GST on purchases (GST credits) |
8 mins | |||||||||||||
Claiming GST on imports and exports |
3 mins | |||||||||||||
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Record keeping and GST |
5 mins | |||||||||||||
Accounting for GST |
4 mins | |||||||||||||
BAS lodgment and payment options |
6 mins | |||||||||||||
Completing your BAS |
5 mins | |||||||||||||
Managing errors and making adjustments |
5 mins | |||||||||||||
Getting support when you need it |
2 mins | |||||||||||||
Related courses |
1 mins | |||||||||||||
Course Feedback |
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