What to do after you registered for GST
Once you register for GST, you must:
- charge GST at 12.5% on all your sales, except for exempt supplies
- give tax invoices to GST-registered persons within 28 days
- keep GST invoices and receipts when you buy goods or services for your business
- keep GST invoices to claim a GST credit for a supply of more than $50 (including GST)
- keep any other records and paperwork to support the figures in your GST returns
- calculate your sales and income and your purchases and expenses
- make additional GST calculations, if applicable, eg for GST adjustments and provisional tax
- calculate your GST total
- complete your GST return and submit it to us by the due date
- make GST payments to us, if applicable.
Next steps
- Calculate your sales and income
- Calculate your purchases and expenses
- Keeping your GST records and paperwork
- Make additional calculations - exempt supplies
Date published: 17 Apr 2007
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