Apply For GST Registration – The Ultimate Guide
Goods and Services Tax (GST) is a broad-based tax of 10% on the sale of most goods, services, and anything else consumed in Australia. However, not all Australian companies or other business activities need to apply for GST registration.
Apply For GST Registration
Here is a simple overview of when you may need to register for GST in Australia:
- If your business has an annual turnover of $75,000 or more from taxable supplies.
- You can choose to register even if your turnover is less than $75,000.
- You must register within 21 days after your projected/actual turnover reaches $75,000.
- Some businesses like property developers must register regardless of turnover.
GST, Tax Return & BAS Report
If you have registered GST, you will be required to submit quarterly Business Activity Statement (BAS) reporting in tax return. The BAS discloses total tax amounts for the period. Information includes GST collected from sales as well as GST paid on business expenses.
Quarter | Period | Payment and lodgment date |
Quarter 1 | July, August, and September | 28. October |
Quarter 2 | October, November, and December | 28. February |
Quarter 3 | January, February, and March | 28. April |
Quarter 4 | April, May, and June | 28. July |