FIRSTMATE BLOG: CAPTAINS LOG

Do I need to register for GST?3.07.2014

You must register for GST if you carry out a taxable activity and if your turnover:

* was over $60,000 for the last 12 months, or
* is expected to go over $60,000 for the next 12 months (This equates to $5,000 per month. If your turnover is $5,000 per month and you expect to maintain that level all year, you’ll need to register for GST.), or
* was less than $60,000, but you include GST in your prices, for example taxi drivers who have included 15% in their taxi fares.

You can choose to register for GST even if your annual turnover it less than $60,000. This is referred to as voluntary registration.

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