What you need to do for GST
If you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations), or you provide taxi travel (including ride-sourcing) – you need to:
register for GST
work out whether your sales are taxable (that is, subject to GST, and not exempted because they are GST-free or input-taxed) and include GST in the price of your taxable sales
However, are the GST figures in your Balance Sheet correct? Would you like to know what is it in your Integrated Client Account at any time?
Cybele Bookkeeper can make that happen as cheap as $6 per week (bit less, $75 per BAS fixed price - conditions apply).
Email us tobookkeepercybele@gmail.com
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