Small business GST: Who needs to register and how do you do it?

GST registration: Do you need to register?

A number of factors about your business help determine whether you need to register for GST.

You must register if:

• Your company has a goods and services tax turnover of at least $75,000
• Your non-profit business has an annual turnover of at least $150,000
• You offer taxi travel to passengers in exchange for a fee as part of your business, no matter your GST turnover (this applies to those who rent a taxi, as well as taxi owner drivers)

Note that it is your responsibility to register for GST if you are likely to meet or exceed the $75,000 threshold. But also note that ‘GST turnover’ is not your business's profit; it is your business's gross income.



If your business does not meet one of the above criteria, you aren't required to register for GST.

When do you have to register for GST?

If you expect that your GST turnover will exceed $75,000, you must register for GST within 21 days, if you haven't already done so.

To ensure that you don't go over the threshold, check your GST each month. You can still register if your GST turnover is less than $75,000 but you will be required to include GST in your fees and claim the credits for any business purchases, regardless of your turnover.

How to go about GST registration

Head over to the Business Registration Service.

Here you can register for other taxes, as well as GST, on the same form. It's important to take into account that you will need an Australian Business Number (ABN) to register.

GST preparation in Perth

To ensure that you're meeting the GST guidelines outlined above, contact us at Ascent Accountants. We can help you with all aspects of GST registration and preparation.