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
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.