GST is a value-added tax placed upon the consumer for most goods and services, set at a fixed rate of 10%. As a service provider, you are required to charge GST on relevant services if you are registered for GST.
GST registration is mandatory if your business exceeds $75,000 GST turnover, but is voluntary if your business earns below the threshold.
We recommend that you talk to your tax agent regarding any questions you have about how this personally affects you.
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