You must register for GST if you run a business or enterprise and your GST turnover is $75,000 or more.
Or if you provide taxi travel applies to both owner drivers and people who lease a taxi on a daily or other basis.

You can take off any GST credit you are entitled to claim from the GST payable.

The GST-free sales includes cars for the disabled, health and medical supplies, international travel, second-hand goods, Dairy products.

GST is charged at 10% on most goods and services sales if it is active for GST

For example, you sold your service for $110 and the price of the service include GST of $10 if you spent $55 for your office rent.

To calculate the GST, multiply the price by 1/11 e.g. the rent GST is $55 × 1/11 = $5. Therefore you need pay $10 – $5 = $5 of GST to the ATO.

Deductions for costs incurred in running your business are allowable, provided the expenses are not of a private, domestic or capital nature. You may able to claim deductions for your business expenses.

– Accounting Fee
– Advertising Fee
– Bank Fee
– Other Fee
– Rent
– Sub-Contractors
– Salary & Wages
– Superannuation
– Work Cover
– Insurance
– Public Liability Cover
– Business Trip
– Staff Training Exp
– Freight &p Cartage
– Leasing & Hiring
– Fuel
– Parking
– Registration
– Repairs Mainten
– Internet Expenses
– Printing & Stationery
– Postage
– Repairs
– Rubbish Removal
– Telephone
– Office Equipment
– Tool Replacements
– Uniform/Prot. cloth
– Electricity Expense
– Material Purchase
– Closing Stock
– Other Purchase
– Car Purchase