What is GST in Australia?

The Goods and Services Tax (GST) is a 10% tax on most goods, services, and other items sold or consumed in Australia.

Who needs to register for GST?

Businesses with a turnover of $75,000 or more ($150,000 for non-profit organizations) must register for GST with the ATO.

How do I calculate GST on my sales?

GST is calculated as 10% of the sale price. For example, if an item sells for $100, the GST amount would be $10.

What is an ABN, and why is it important for GST?

An Australian Business Number (ABN) is required to register for GST and to issue tax invoices to claim GST credits.

Can I claim GST on business purchases?

Yes, businesses registered for GST can claim credits for the GST paid on business-related purchases.

What are the GST reporting requirements?

GST-registered businesses must report and pay GST to the ATO, typically on a quarterly basis, through a Business Activity Statement (BAS).

How does GST apply to imported goods?

GST is payable on most goods imported into Australia, with a 10% tax applied to the customs value of the goods.

What are the penalties for failing to comply with GST obligations?

Non-compliance can result in penalties, including fines, interest on overdue amounts, and potential legal action by the ATO.

Indirect Tax & GST Expertise - Andersen in Australia

Expert guidance and solutions for all your indirect tax and GST needs.

We understand the complexities and challenges of indirect taxes and GST compliance. Our team of experienced professionals is dedicated to providing expert advice and support to help you navigate the indirect tax landscape.

At Andersen, we provide comprehensive support for all your indirect tax needs. Our services include expert advice, compliance assistance, technology solutions, as well as audit and dispute resolution. Our expertise extends to various specific taxes such as fuel taxes and rebates, GST, land taxes, luxury car tax, payroll taxes, stamp duty and wine equalisation tax.

Helping you with

Advising on GST, FBT, stamp duty and other indirect tax obligations

Identifying and assessing potential indirect tax risks

Developing and implementing indirect tax compliance and planning strategies

Ensuring compliance with GST, FBT, stamp duty and other indirect tax laws and regulations

Assisting with indirect tax audits and disputes

Providing guidance on tax-efficient structuring of transactions and business operations

Staying up-to-date on changes in indirect tax laws and regulations

Representation and support in case of indirect tax-related litigation

The Andersen Global Advantage

Andersen is an independent tax and legal firm with a worldwide presence through the member firms and collaborating firms of Andersen Global.

Each and every one of the professionals and member firms that are a part of Andersen Global share our core values, ensuring the delivery of best-in-class service in a seamless and consistent manner worldwide.

Every month our client’s get first access to Global Insights, a newsletter dedicated to highlighting key taxation updates from the across the globe. You can also explore Andersen’s Global Country Guides to help you seamlessly navigate business world-wide.