GST Thresholds

GST Thresholds
Item * Threshold
Requirement to issue a tax invoice $75
No requirement to withhold if supplier does not quote ABN $75
Turnover for compulsory registration for GST $75,000
(for any 12 months)
Turnover for compulsory registration for GST (non-profit entity) $150,000
(for any 12 months)
Annual turnover for compulsory use of non-cash accounting $2,000,000
Annual turnover for compulsory monthly electronic BAS lodgement $20,000,000
* all amounts are GST exclusive

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