Register for GST when GST turnover meets the threshold
Register within 21 days when GST turnover reaches $75K (or $150K for NFPs, or any amount for ride-share/taxis).
Who must comply
Businesses meeting the GST turnover threshold.
What triggers it
Annual or projected GST turnover meeting threshold; first ride-share/taxi trip.
When due
Within 21 days of becoming required to register.
Evidence required
ATO registration confirmation; ongoing BAS lodgements.
Max penalty
Backdated GST liability + general interest charge + failure-to-register penalties
Summary
Section 23-5 of the GST Act requires registration when GST turnover reaches the $75K threshold ($150K NFP). Ride-share and taxi drivers must register from the first dollar. Once registered, the entity must charge GST on taxable supplies and lodge BAS at the assigned frequency.
Enforced by
Source legislation
Topics
Related obligations
- CWLTHAustralian Business Number (ABN) applicationEntities carrying on an enterprise in Australia need an ABN — without one, payers must withhold 47% PAYG from your payments. How to apply and who's eligible.
- CWLTHLodge Business Activity Statements at assigned frequencyGST-registered entities must lodge a BAS monthly, quarterly or annually as the ATO assigns.
- CWLTHApply for a Tax File Number for new entities and partnershipsCompanies, trusts and partnerships need a TFN to file tax returns and claim TFN exemptions.
- CWLTHApply for a Director Identification Number (Director ID)Every director needs a Director ID before appointment — apply via ABRS.
- CWLTHMaintain AHPRA registration and CPDRegistered health practitioners must hold current registration and meet annual CPD per their National Board standards.
- CWLTHMaintain Financial Adviser registration + standards (s 921B)Relevant providers must be on the Financial Advisers Register and meet education + CPD + Code of Ethics.
Frequently asked questions
- Who must comply with GST when GST turnover meets the threshold?
- Businesses meeting the GST turnover threshold.
- What triggers GST when GST turnover meets the threshold?
- Annual or projected GST turnover meeting threshold; first ride-share/taxi trip.
- When is GST when GST turnover meets the threshold due?
- Within 21 days of becoming required to register.
- What is the maximum penalty for GST when GST turnover meets the threshold?
- Backdated GST liability + general interest charge + failure-to-register penalties
- What evidence is required for GST when GST turnover meets the threshold?
- ATO registration confirmation; ongoing BAS lodgements.
Source: https://ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst. Rules Mate is not a law firm. Always verify against the live regulator source before acting.