Introduction to GST – ATO

 Introduction to GST

What Is GST

1. Most Goods or Service Sold or Consumed in Australia are Subject to 10% Goods and Service Tax (GST)

2. Business Collect GST for the Government whenever they Sell Goods and Service and then pay this revenue to ATO

3. Then the Government Distribute this revenue to States and Territories to Pay for Public Service such as (Hospital, Roads and Public Schools) 

When to register for GST 

1. When Business or Enterprise has Annual Turnover of $75,000 or more

2. When Non-profit organisation has Annual Turnover of $150,000 or more

3. When you provide Taxi or Travel Ride Sourcing for Passengers

When you want to claim Fuel Tax Credits for your business or enterprise