ABR Help Topics
GST uses turnover to determine a number of threshold events.
To work out the GST turnover, an entity should calculate its current and projected GST turnover figures. Note that:
In both cases, the following supplies should not be included:
The value of supplies in both calculations excludes GST. The amount of projected GST turnover does not include supplies made or likely to be made:
An entity’s GST turnover meets the turnover threshold if its:
The GST turnover threshold is $75,000 (or $150,000 for non-profit entities).
If the entity’s GST turnover is $20 million or more, it is required to lodge its BAS electronically each month.
The entity should use the drop-down menu provided to select the ‘GST turnover amount’ from the list provided. The entity should select the GST turnover amount that most closely corresponds to their entity’s GST turnover amount.
The electronic version of this document is the only authorised version.
Last Updated: 01/07/07
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