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GST

The GST (Goods and Services Tax) system is a value-added tax levied on most goods and services in Australia, collected by the ATO on behalf of the government, and is payable by businesses on the supply of goods and services. Businesses can also claim credits for GST included in their purchases.

January 23, 2023 / Last updated : October 12, 2024 Geoff Merritt ABN

When do I Register for GST?

When Do I Register for GST? A Comprehensive Guide for Australian Businesses For Australian businesses, understanding the Goods and Services Tax (GST) registration requirements is crucial for compliance with the Australian Taxation Office (ATO) regulations. Whether you’re a new entrepreneur, an established business owner, or a professional service provider, knowing when and how to register […]

November 27, 2022 / Last updated : October 13, 2024 Geoff Merritt GST

What percentage of the GST and expenses am I entitled to claim on my vehicle?

As an accountant, I often receive questions regarding how much GST and vehicle expenses can be claimed for business purposes. One recent query came from Lilly, a full-time cereal farmer, who wanted to know how much she could claim on her new vehicle, a medium-sized SUV she uses for farm-related activities. Here’s Lilly’s question: “Hello […]