How do I register for GST?
Here are three ways to register your organisation for GST:
- Ask your accountant to register on your behalf
- Complete the application form at the Australian Taxation Office website
- Register at the Australian Business Register website
You can only register an entity for GST if it has an Australian Business Number. You can register for GST when you register an ABN.
1) Ask your accountant
Your accountant has access to the relevant information required to register your organisation for GST. You won’t need to spend valuable time researching and collecting information and your accountant will know the quickest and easiest way to register your specific organisation.
2) Complete the application form at the Australian Taxation Office website
Apply for GST at the Australian Taxation Office website. You will need to complete the form relevant to your entity. There are different forms for entities such as companies, trusts, partnerships, superannuation funds and sole traders. The postal details are located on the application form. Alternatively, you can phone the Tax Office to register but you will need your entity’s tax file number for proof of identity purposes.
3) Register at the Australian Business Register website
If you apply for an ABN at the Australian Business Register website you can register for GST at the same time. The GST registration is on the same form as the application for an ABN.
If you already have an ABN you will need a digital certificate to register for GST at the Australian Business Register website. A digital certificate is a type of identification used for the Tax Office’s online services.
Below is a list of the questions you will be asked when you register for GST. It will make it easier if you prepare the answers before you apply.
1) Is the entity required by law to register for GST?
2) If the entity is not required to register for GST, is the entity volunteering to register?
3) What is the entity’s date of registration for GST?
4) What is the entity’s GST turnover?
5) How often will the entity lodge its activity statements?
6) Does the entity intend to account for GST on a cash or non-cash (accrual) basis?
7) Does the entity import goods or services into Australia?
When is the registration complete?
The registration process is complete when the Tax Office issues your GST registration number in writing.
Once your organisation registers for GST the Australian Taxation Office will send you activity statements to be completed. Goods and services tax is reported and remitted to the Tax Office in the business activity statement.
You need to keep a close eye on the turnover of your business group to determine if you should register for GST. Once your business reaches the threshold of $75,000, the business must register for GST. A business may voluntarily register for GST if it turns over less than $75,000. If you are considering voluntarily registering, you will need to evaluate the extra time and costs resulting from GST registration such as the preparation of activity statements.