Question 6 - Do I Have To Include GST On My Invoices?
You only need to register for GST with the Australian Taxation Office (ATO) if
- Your annual turnover/revenue exceeds $75,000 per annum (or $150,000 per annum for non-profit organisations)
- You provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – this applies to both owner drivers and if you lease or rent a taxi
- You want to claim fuel tax credits for your business or enterprise.
OTHER QUESTIONS IN THIS SERIES:
- What Steps are Involved in Starting a Business?
- Do I Have to Register for GST?
- What Tax Records Do I Need to Keep for My Business?
- What Is a Business Activity Statement?
- What’s the Difference Between an ABN and an ACN?
- What Software do You Recommend for My Start-Up Business?
- How Much Tax Do I Pay?
- Can I Claim my Motor Vehicle Expenses?
- What Do I Need to Do When I Employ My First employee?
- What's The Most Appropriate Tax Structure For My Business?
- Are You Small Business Experts?
- How Much Do You Charge?
- How Do I Change Accountants?