Use our GST calculator Australia to quickly add or remove 10% GST. Accurate results for invoices, pricing, and BAS calculations.
To figure out if you’ve hit the threshold, you need to look at both your past performance and your future projections. The ATO wants you to consider two figures:
Current GST Turnover: This is your gross business income for the current month plus the previous 11 months.
Projected GST Turnover: This is your gross income for the current month plus what you reasonably expect to earn in the next 11 months.
If either of these calculations tips you over the $75,000 line, the clock starts ticking. The ATO gives you just 21 days from that point to get your GST registration sorted.
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