GST Registration MYTH

I received this email from a client…. and thought it would be good for the WHAT THE…. category. MYTH:

“I have a regular sub-contractor, that claims that despite having his GST registration on the ATO ABR website, that he doesn’t have to charge GST if his earnings are less than a certain dollar [...]

GST Registrations

Ok, so you have started a business….. the question you are asking.

Do I need an ABN and be GST registered?

You will need an ABN regardless, but do I need you need a GST registration attached to the ABN.

Yes, if your income is greater than 75k or you are a hire [...]