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Generally, businesses and other organisations registered for GST will:

  • include GST in the price they charge for their goods and services

  • claim credits for the GST included in the price of goods and services they buy for their business.

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:

The How GST works article appeared first on Australian Taxation Office official website.

 

 

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