Goods and Services Tax (GST) is a 10% tax on most goods and services sold in Australia. Most consumers dont need to worry about GST directly.
GST basics
- Rate: 10% on most goods and services
- Included in: Prices shown (if registered for GST)
- Exempt: Basic food, health, education
When GST affects you
- Running a business with over $75k revenue
- Registering for GST is compulsory
- Registered businesses collect GST from customers
- Can claim GST credits on business purchases