Te rēhita tūao mō te tāke hokohoko Registering for GST voluntarily

You can still register for GST if your turnover from a taxable activity is less than $60,000.

The advantages of registering for GST include:

• it helps you keep on top of your paperwork and see how your business is doing
• you can claim on your expenses relating to your taxable activity
• it might make it easier to deal with your suppliers.

The disadvantages of registering for GST include:

• you need to add GST to your prices
• you need to file returns regularly
• you are charged penalties if your returns or payments are late.