15/09/2025
Businesses need to register for Goods and Services Tax (GST) once their turnover hits $75,000 over a period of 12 months. For non-profits, the threshold is $150,000.
If you’re not registered for GST, check each month to see if you’ve reached the threshold or are likely to exceed it. You must register within 21 days of your GST turnover passing the relevant threshold.
If you don't register for GST and are required to, you may have to pay GST on sales made since the date you were required to register. This could happen even if you didn't include GST in the price of those sales. You may also have to pay penalties and interest.
Once you have an ABN, you can register for GST:
- Through Online services for business
- By phone on 13 28 66
- Through your registered tax agent or BAS agent
You’ll then receive written confirmation of your:
- GST registration details (including the effective date)
- ABN details (if you haven’t already received them)
Once registered, you’ll also need to lodge a Business Activity Statement (BAS) to report and pay GST.
Not sure if you should register yet? This is where a professional can help you decide the right time for your business.
📧 [email protected]
Michael - 0407 587 076
Jess - 0413 497 648
🌐 alliancebookkeeping.com.au
Alliance Bookkeeping Solutions – your local, trusted bookkeeper in Orange and the Central West NSW.
