WHO SHOULD REGISTER FOR GST?
The following must register for Goods and Services Tax (GST): • an entity carrying on an enterprise in Australia whose GST turnover is $75 000 or more ($150 000 or more for non-profit organisations) • taxi operators who supply taxi or limousine travel for fares, in the course of carrying on an enterprise, regardless of GST turnover. Entities who are carrying on an enterprise in Australia and whose GST turnover is less than $75 000 (less than $150 000 for non-profit organisations) can choose to register. Employees and those involved in a hobby cannot register for GST. It is important that entities that are required to register do so. Entities are required to register for GST when they become aware that their GST turnover meets or exceeds the registration turnover threshold. When this occurs applicants need to apply for registration within 21 days.
