{"id":269703,"date":"2024-07-08T15:48:17","date_gmt":"2024-07-08T03:48:17","guid":{"rendered":"https:\/\/www.reckon.com\/au\/?p=269703"},"modified":"2025-04-04T14:27:54","modified_gmt":"2025-04-04T02:27:54","slug":"gst-for-small-business","status":"publish","type":"sbh","link":"https:\/\/www.reckon.com\/au\/small-business-resources\/gst\/gst-for-small-business\/","title":{"rendered":"GST for small business"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.23″ custom_padding_tablet=”” custom_padding_phone=”0px||||false|false” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.23″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ module_class=”table-contents” _builder_version=”4.23″ background_color=”#f3f2f6″ custom_padding=”25px||25px||true|false” sticky_position=”top” sticky_limit_bottom=”section” sticky_position_tablet=”top” sticky_position_phone=”none” sticky_position_last_edited=”on|desktop” pac_dcm_carousel_specific_module_num=”0″ border_radii=”on|24px|24px|24px|24px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.23″ text_font=”||||||||” locked=”off” global_colors_info=”{}” background__hover_enabled=”on|desktop”][\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Copy paste body text here” _builder_version=”4.18.0″ header_2_font_size=”32px” hover_enabled=”0″ header_2_font_size_tablet=”30px” header_2_font_size_phone=”26px” header_2_font_size_last_edited=”on|tablet” locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Plenty of questions about GST will abound the mind of a new small business owner, whether they be about thresholds, BAS lodgment, GST free sales, ATO requirements<\/a>, input tax credits, accounting, and tax invoices.<\/p>\n

But how does GST actually work for small business?<\/p>\n

In a nutshell, the goods and services tax (GST) is a tax of 10% on most goods and services in Australia. Generally, registered businesses include GST in their sales (and tax invoices) to customers and can claim back GST<\/a> on items purchased through their BAS statements.<\/p>\n

Let\u2019s have a look at an example of GST for small business:<\/p>\n

\"\"<\/p>\n

As you can see, it\u2019s ultimately the consumer who pays all the GST due. The lumber company, toy manufacturer and retailer can all claim credits and any GST that they have to pay they on-charge up the chain.<\/p>\n

Do small business have to pay GST?<\/h2>\n

As a small business, do you need to charge GST? Well that depends on your income. So, what is the GST threshold<\/a>?<\/p>\n