Goods and Services Tax (GST) is a 10% tax applied to most goods and services sold in Australia.
Businesses that are registered for GST generally collect GST from customers and report it to the Australian Taxation Office through their Business Activity Statements.
GST registration may be required depending on your business turnover and activities.
Many businesses use accounting software such as Xero to assist with GST tracking and reporting.
PRZ Tax & Accounting can assist with GST registration, BAS preparation, bookkeeping, and ongoing taxation advice.