Taxable sales #Accounting #Bookkeepper #Affordable #Payroll #GST #BAS

Updated: Jan 8, 2021

If you are registered for GST – or required to be – the goods and services you sell in Australia are generally taxable unless they are GST-free or input-taxed.

To be a taxable sale (that is, a sale that has GST in the price), a sale must be:

for payment of some kind

made in the course of operating your business

connected with Australia.

You pay GST on the taxable sales you make when you lodge your activity statement.

For these taxable sales, you:

include GST in the price

issue a tax invoice to the buyer

pay the GST you've collected when you lodge your activity statement.

#GST #Sales #BAS #Activity Statement # Affordable #Accountant # Bookkeeper

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