Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
Generally, businesses and other organisations registered for GST will:
include GST in the price they charge for their goods and services
claim credits for the GST included in the price of goods and services they buy for their business.
What you need to do for GST
If you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations), or you provide taxi travel (including ride-sourcing) – you need to:
register for GST
work out whether your sales are taxable (that is, subject to GST, and not exempted because they are GST-free or input-taxed) and include GST in the price of your taxable sales
issue tax invoices for your taxable sales and obtain tax invoices for your business purchases
claim GST credits for GST included in the price of your business purchases
account for GST on either a cash or non-cash basis and put aside the GST you collected so you can pay it to us when due
lodge activity statements or annual returns to report your sales and purchases, and pay GST to us or receive a GST refund.