Australia GST
Add GST to a price or pull GST out of a GST-inclusive amount. Australia charges GST at 10% on most goods and services sold or consumed in Australia.
GST is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. A business registered for GST charges GST on its taxable sales and can claim GST credits for GST included in the price of things it uses in its business.
You must register for GST if your GST turnover is $75,000 or more. If your turnover is below $75,000 you can choose to register voluntarily. Non-profit organisations have a $150,000 threshold.
Registered businesses report GST on activity statements. Reporting is monthly if GST turnover is $20 million or more, quarterly if it is less than $20 million, and annually if you are eligible and choose that cycle. You pay the difference between GST you collected and GST credits you claimed.
Keep your invoices and receipts organised so your GST records are easy to check at return time.
Open Scan Center10%. A GST-inclusive price of $110 therefore contains $10 of GST and a net price of $100.
Divide the GST-inclusive price by 1.10. For example, $110 divided by 1.10 is $100, so the GST in the price is $10.
When your GST turnover reaches $75,000 or more. Below that level, registration is voluntary.
Monthly, quarterly or annually, depending on your GST turnover and eligibility.
Sources: Australian Taxation Office and Inland Revenue New Zealand. Check the official guidance for your situation before filing.