Register for goods and services tax (GST)

If your business has an aggregated turnover (your business’s turnover and the turnover of closely associated entities) of less than $10 million, you may be able to get the following GST concessions.

This means that you can account for GST and claim GST credits within the tax period when you actually are paid or pay a supplier, rather than based on when the invoices are received.

You can pay GST by instalments each quarter. These are based on what you or the ATO estimates your GST liability to be. You can vary this amount each quarter.

For a business purchase that you intend to use partly for private purposes, you can:

This is known as annual private apportionment of GST credits.

Visit the ATO website for information on GST and excise concessions for small businesses.

See the ATO's GST Governance and Risk Management Guide for checklists on assessing your GST compliance.