GST: How It Works

Goods and Services Tax can sometimes seen complicated, especially to those who have never encountered it before. This website has been created as a GST resource that will hopefully answer some of you GST questions.

As a quick introduction, GST  is 10% tax that  you must pay on goods and services and other items that you have sold or consumed in Australia. GST registered businesses will usually include GST in the price of the goods or services they sell, which they can then claim credits for. All business whose GST turnover exceeds $74,999 must register. Businesses are also entitled to a refund if their credits for GST exceed what they have paid.

The following content looks at GST on a range of different items, GST concessions, GST adjustments, special rules and FTL penalties.