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Australian GST Services
TBA Global strives to ensure that clients who wish to sell in Australia are both stress-free and compliant with the Goods and Services Tax. This helps clients maximise their revenue and minimise penalties.
Our GST
Services
Our GST Services
01.
What is GST?
GST is a 10% tax placed on most goods and services being sold or consumed in Australia.
What is GST?
GST is a 10% tax placed on most goods and services being sold or consumed in Australia.
When is GST not applied?
Most basic foods as well as water, sewerage, drainage, and some medical equipment and medications are GST-free. Another exception is if you’re selling to another business, whereby both the buyer and the seller have an ABN and GST registration then GST will not be applied.
What is ABN?
ABN stands for Australian Business Number. It is a unique 11-digit identifier that is used to identify a business to the Australian government and other businesses. It is used for correspondence with the tax office, transactions with other businesses, confirming details for ordering and invoicing with other businesses, and reclaiming prepaid goods and services tax (GST).
02.
When Is GST Not Applied?
Most basic foods as well as water, sewerage, drainage, and some medical equipment and medications are GST-free. Another exception is if you’re selling to another business, whereby both the buyer and the seller have an ABN and GST registration then GST will not be applied.
03.
What Is ABN?
ABN stands for Australian Business Number. It is a unique 11-digit identifier that is used to identify a business to the Australian government and other businesses. It is used for correspondence with the tax office, transactions with other businesses, confirming details for ordering and invoicing with other businesses, and reclaiming prepaid goods and services tax (GST).
04.
Who can Apply for Standard GST Registration?
– Those who intend to issue zero-rated invoices for business-to-business sales;
– Those who intend to claim repaid GST;
– Those who use FBA or a warehouse in Australia.
Documents needed for registration:
- Company certificate;
- Passport;
- ID card/ driver’s license;
- Bank details;
- Amazon ABA;
- Amazon summary report;
- Fulfilment and send to Amazon screenshot;
- When you expect to reach the $75,000 annual sale threshold.
Who can Apply for Standard GST Registration?
– Those who intend to issue zero-rated invoices for business-to-business sales;
– Those who intend to claim repaid GST;
– Those who use FBA or a warehouse in Australia.
Documents needed for registration:
- Company certificate;
- Passport;
- ID card/ driver’s license;
- Bank details;
- Amazon ABA;
- Amazon summary report;
- Fulfilment and send to Amazon screenshot;
- When you expect to reach the $75,000 annual sale threshold.
FAQ's
Most frequent questions and answers
You must register for GST when your annual sales exceed AUS$ 75,000.
If you do not register for GST and your annual sales exceeds AUS$ 75,000 then you have 21 days to register for GST. If you do not register in this time then you will be fined with a large penalty as well as having to make up the GST owed.
The length of time will vary from case to case, however on average it will take 2-3 months.