# What is GST (Goods and Services Tax)?

Country: Australia

GST is a flat 10% tax on most goods, services and other supplies in Australia. Businesses with turnover of A$75,000+ (A$150,000 for non-profits) must register and remit GST quarterly via the Business Activity Statement (BAS).

## Current rate (Quarterly BAS (Q1 Jul–Sep, Q2 Oct–Dec, Q3 Jan–Mar, Q4 Apr–Jun))

10% standard. GST-free: most basic food, healthcare, education, exports.

## Example

An Australian agency invoicing A$50,000 charges A$55,000 (GST-inclusive). If they spent A$11,000 on GST-bearing inputs (A$1,000 GST), they remit A$4,000 to the ATO each quarter.

## How GST (Goods and Services Tax) works in Australia

GST registration is mandatory above A$75,000 turnover and voluntary below. Once registered, you charge 10% on taxable supplies, claim input tax credits on GST you pay, and remit the difference quarterly via BAS through myGov / ATO Business Portal.

GST-free supplies (different from input-taxed) include most basic food, health, education, and exports. You charge 0% but can still claim input credits. Input-taxed supplies (residential rent, financial services) charge no GST and you cannot claim input credits.

Source: https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst

## Related terms

- [BAS (Business Activity Statement)](https://accounts-os.com/au/glossary/bas-australia)
- [ABN (Australian Business Number)](https://accounts-os.com/au/glossary/abn)
- [Company Tax (Australia)](https://accounts-os.com/au/glossary/company-tax-australia)