Registration for GST

GST registration is optional for all businesses, though is compulsory when a business meets the following turnover:

• The GST threshold (gross income from all businesses) of $75,000 is exceeded 

• Through projections, the business is expected to exceed the GST threshold in the next year of operation

Other factors also influence the need for GST registration. 

It is strongly recommended for small business clients to contact Acct Smart Pty Ltd to discuss how this may affect you.