ABN Registration

How to apply for an ABN, the information you will need and the support to maintain your ABN.

What is GST and should I register for it?

What is it?

GST is a 10% addition to the price of most goods and services in Australia.

A company registered for GST must pass these funds on the ATO at the end of each tax period, usually quarterly or per month (if registering by law) or yearly (if registering voluntarily).

Companies then have the benefit of claiming tax credits for any business supplies for which they have been charged the 10% GST. These are subtracted from the amount of GST payable to the ATO each tax period.

Should I register for GST?

You MUST register for GST if:

  • You will earn over $75 000 per annum
  • You will provide taxi travel
  • You want to claim fuel tax credits

OTHERWISE, you can voluntarily register if you will earn a total below this threshold but you must remain registered for at least 12 months.

Often companies that purchase a significant amount of GST applicable supplies want to claim these credits and therefore, register for GST.

How do I register?

You can elect to register for GST as part of your ABN application with EasyCompanies, at no extra cost.

The ATO will post GST details to your registered office address.

It is possible to register for GST at a later stage with the ATO. If you earn in excess of $75 000 in a calendar year, you will be notified that your company must apply for GST within 21 days.

This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

Updated — Aug 22, 2015

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