Managing your GST
What to do after you register for GST
Once your organisation is registered for GST, you must:
- charge GST at 15% 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.
Working out your organisation's GST
You'll need to work out how to calculate your organisation's GST for your:
- sales and income
- purchases and expenses, and
- total GST payable.
Date published: 29 Sep 2010
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