- GST Overview and Registration: Australia’s Goods and Services Tax (GST), introduced in 2000, is a 10% consumption tax applicable to most goods and services, requiring businesses with annual sales of AUD 75,000 or more to register, including non-resident businesses with sales connected to Australia.
- Filing and Payment Obligations: Businesses must file GST returns either quarterly or monthly, with deadlines set for the 28th or 21st day after the end of the respective period for filings and payments; compliance is overseen by the Australian Taxation Office (ATO).
- Digital Services and Invoicing: GST applies to cross-border digital services at the standard rate, with a reverse charge mechanism for B2B sales; while e-invoicing is encouraged, invoices must contain specific details such as the business name, ABN, GST amount, and description of goods/services provided.
Source VAT IT Compliance
Click on the logo to visit the website
Latest Posts in "Australia"
- Understanding GST Exemptions, GST-Free, and Input Taxed Status for Australian Businesses
- GST Pricing Rules in Australia: When, Where, and How to Display GST-Inclusive Prices
- ATO Clarifies GST Rules for Power Industry: BPPAs, Gifted Assets, and Agency Arrangements
- Final GST Rules Clarified for Sunscreen Products: Ensure Correct GST Application When Selling
- Australia Enacts Treasury Laws Amendment 2025: New GST Reverse Charge Deduction Rules Effective July 2024
