...

Experience Hassle-Free

BAS / GST Filing

Company Tax return to ATO Starts at $350 - By Certified CA/CPA

Company Tax return Starting at $ 350 filed by CA/CPA

Dedicated Quickbooks/Xero Experts
(Strictly 1 on 1 Basis)

50% Reduction In Costs

Basis of GST in Australia

  • If you are running a business in Australia and register for GST, you have to dedicate a certain amount of your earning. It will be in the form of broad-based tax, from the sale of goods and services, sold or consumed. Then, make payment to the Australian Taxation Office (ATO) on the due date. One manages this section of expense for Australian businesses by making a collection from the customers. You charge it on the purchase of a good or a service which is one-eleventh of the sale price. Depending on your business turnover, which is the gross business income, in the running year. Know more with Meru Accounting   about GST in Australia.

Method of Calculation of GST

Various auto-calculators facilitate for calculation of GST on the supply goods and services that are available in Australia. However, it is utmost essential to gather the factors that help to determine the GST levied on the price. In Australia, a tax of 10% is applied to a good or a service that is circulated in the business. Thus if your business is registered for GST, you need the price and the tax percentage to calculate the GST. It may be inclusive or exclusive, within the price of the goods and services. This calculation has a further advantage to claim the tax credit.

Registering for GST

Who? When? and How? Are the three most prominent questions to prop in your mind while working on GST registration.

Who can register?

With an affordable and surety gap of 21 days from the time, you are able to identify that your business will be exceeding the threshold value for GST turnover. You can register for GST to be inclusive in the fees and also eligible to claim for GST credits.

How to register?

You just have to use your Australian Business Number (ABN) which can be generated by filling an ABN application. This GST registration number will act as your point of contact to register online at Business Registration Service or contact the ATO for further guidance.

Who can register?

How to register?

Working out GST turnover

When not to charge GST.

Issuing GST tax invoice

Claiming GST credit

Basis of GST in Australia

If you are running a business in Australia and register for GST, you have to dedicate a certain amount of your earning. It will be in the form of broad-based tax, from the sale of goods and services, sold or consumed. Then, make payment to the Australian Taxation Office (ATO) on the due date. One manages this section of expense for Australian businesses by making a collection from the customers. You charge it on the purchase of a good or a service which is one-eleventh of the sale price. Depending on your business turnover, which is the gross business income, in the running year. Know more with Meru Accounting about GST in Australia.

Method of Calculation of GST

Various auto-calculators facilitate for calculation of GST on the supply goods and services that are available in Australia. However, it is utmost essential to gather the factors that help to determine the GST levied on the price. In Australia, a tax of 10% is applied to a good or a service that is circulated in the business. Thus if your business is registered for GST, you need the price and the tax percentage to calculate the GST. It may be inclusive or exclusive, within the price of the goods and services. This calculation has a further advantage to claim the tax credit.

Registering for GST

Who? When? and How? Are the three most prominent questions to prop in your mind while working on GST registration.

Who can register?

Who can register?

With an affordable and surety gap of 21 days from the time, you are able to identify that your business will be exceeding the threshold value for GST turnover. You can register for GST to be inclusive in the fees and also eligible to claim for GST credits.

How to register?

You just have to use your Australian Business Number (ABN) which can be generated by filling an ABN application. This GST registration number will act as your point of contact to register online at Business Registration Service or contact the ATO for further guidance.

How to register?

Working out GST turnover
  1. While working out your GST turnover in business, it is crucial to note that it includes your gross business income
  2. Excludes certain factors such as any profit earned, GST in sales to customers, non-payable and non-taxable sale, non-linked enterprise sales, sales non-connected with Australia
  3. Based on the threshold limit for current and projected GST turnover on a yearly basis, GST is applied to a type of business run.

When not to charge GST.

Issuing GST tax invoice

Claiming GST credit

What Our Clients Say
WE’RE HAPPY TO ANSWER

CONTACT US FOR ANY QUESTIONS

    Our Young and Dedicated Team

    Our Office Address

    AU Office

    Level 8/350 Collins Street, Melbourne VIC 3000, Australia

    902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009, India

    Meru Accounting

    First Month Bookkeeping Free !

      Request Call Back

      [bws_google_captcha]

        Request Call Back

        [bws_google_captcha]

        Meru Accounting

        First Month Bookkeeping Free !

        Error: Contact form not found.

        This will close in 0 seconds


        This will close in 0 seconds

        Meru Accounting

        First Month Bookkeeping Free !

          Request Call Back

          [bws_google_captcha]

            Request Call Back

            [bws_google_captcha]

            Meru Accounting

            First Month Bookkeeping Free !

            Error: Contact form not found.

            This will close in 0 seconds

            This will close in 0 seconds

            This will close in 0 seconds