A New Tax System (Goods and Services Tax) Act 1999
Short title: GST Act
In plain English
This Act establishes the Goods and Services Tax, a broad-based consumption tax on most goods, services, and imports.
The A New Tax System (Goods and Services Tax) Act 1999 sets out the rules for the GST. It applies to businesses registered for GST. Businesses must collect GST on taxable sales and remit it to the government. The Act also details GST exemptions and input tax credits. It came into force in 2000.
Why it matters
GST impacts most Australian businesses. Understanding your obligations is vital for accurate record-keeping, claiming credits, and avoiding compliance issues. It affects pricing and sales strategies too.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Summary
Federal GST at 10% on taxable supplies of goods + services + other things. Registration threshold $75K ($150K NFP; $0 for ride-share / taxi). Input tax credit regime for registered entities.
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Source: https://www.legislation.gov.au/C2004A00446/latest. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.