In Royal Lion Capital Pty Ltd and Commissioner of Taxation [2021] AATA 3049 the Tribunal affirmed the Commissioner’s decision to to register the applicant for GST on the basis that it had exceeded the GST registration turnover threshold of $75,000 from 1 April 2018 and that it was carrying...
GST stands for goods and services tax and whether you pay it or not will depend on the turnover threshold. Learn everything about GST in this guide.
The increase in participation in the economy by individual or small operators who may fall under the GST registration threshold. Household rent (actual or imputed) is the single largest component of household consumption and has increased faster than GDP over recent decades. But GST is not...
Australian GST on All Online Transaction of Goods - Low Value Import Threshold Slated for RemovalAngela CowanDixon HearderAmrit MacIntyrePeter McMahon
Threshold Exemption: Small businesses with a turnover below a specified threshold (currently, it is 20 lakhs: supplier of both goods & services and 40 lakhs: for supplier of goods (Intra–State) in India) are exempt from GST. Present Challenges in GST Rates Complexity and Confusion: The exis...
when your services extend beyond Australia’s borders to non-residents then the transactions are GST-free, meaning no reporting or GST payment required. Attention, overseas exchanges! If you provide exchange services to Australia and exceed the GST turnover threshold, you too must register, report...
For non-profit organisations, the threshold is $150,000, at which point the organisation must register for GST. The tax itself applies to most products and services in Australia.How to register for GST If you’re ready to take the plunge and become a GST business, rest assured GST registra...