Posts by GST Register
A Guide To Non-Taxable And GST Free Supplies
When you sell products or services it is important to know which products or services are GST free and which are not. Generally, there are three types of GST exemptions. These include, supplies outside the GST system, GST-free supplies, and input taxed supplies. To help you know whether your products fall into any of these…
Read MoreGST On Imports And Exports
For international businesses, it is important to know what your GST obligations are when importing and/or selling goods and services in Australia. There are many errors international small and medium businesses make that can land them in hot water with the ATO. To avoid this and to ensure that your business has a successful time…
Read MoreGST And Food, When Is It Taxable?
Not all food sales need to include GST. For business owners knowing whether they need to charge GST in a sale is paramount. As there are many goods and services which are GST-free, you will need to ensure that you know what items have GST in Australia, including food, to correctly pay the ATO. So…
Read MoreDo I Need To Register For Pay As You Go (PAYG) Withholding?
Any business who has employees or is about to hire an employee will have to deal with pay as you go (PAYG) withholding. As an employer, you collect income tax from the pay you give to your employees. You will then pay that money to the ATO come tax time. This system works similarly to…
Read MoreThe Relationship Between GST and Ridesharing (Uber)
Did you know that as an Uber, Didi, Ola or other ridesharing service driver you must be registered for GST? This means that you will have many extra tax obligations beyond your standard income tax return. Ridesharing can be great for making extra cash, but it is important that all drivers are aware of what…
Read MoreWhen You Should Charge GST (And When You Shouldn’t)
For most businesses based or operating in Australia they will have to charge GST. However, some businesses may sell goods or services that are exempt from GST. Some non-profit organisations may also be entitled to concessions on some transactions with GST. Will I need to register for GST if my goods or services are exempt? If…
Read MoreHow to Include GST in Your Tax Invoices
Once you become registered for GST, your invoices must be tax invoices. They include the GST component of the transaction and allow your GST registered customers to claim GST credits on their purchases (as they need to keep a copy of a tax invoice for any purchase of $82.50 or over. To remove any confusion…
Read MoreHow To Register For GST Online
Registering for GST is a simple process that you can do online, over the phone, or through an agent registered with the Tax Practitioners Board. GST Register makes it even easier, all you need to do is go to gstregister.com.au and follow the prompts. But there are still a lot of questions surrounding registration that we can answer. …
Read MoreBackdating Your GST Registration
If you want to register for GST but your business started some time ago, you are allowed to backdate your registration. This will enable you to claim GST credits on your start-up expenses and potentially get a significant amount of money back into your business. When backdating your registration, you have the option to backdate it up to…
Read MoreAn Introduction to GST
GST may seem complex or intimidating at first, but it can be relatively simple. As long as you keep records of the GST you collect through your business sales, and understand your reporting obligations, you will be nailing your GST requirements. To help you get started we have created this simple guide to introduce you to GST. …
Read More