GST for Small Business: When to Register and How to Track It
In short: The ATO requires you to register for GST if your business has a GST turnover of $75,000 or more in the current or previous 12 months, or expects to reach $75,000 in the coming 12 months. Taxi and rideshare drivers must register regardless of turnover. Once registered, record the GST on every transaction, keep your tax invoices for five years and reconcile before each BAS.
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