GST turnover¶

Definition. GST turnover is your gross business income (your sales), not counting GST and some excluded amounts, and is used to work out whether you must register for GST and which reporting options you can use.

In plain English¶

Your GST turnover is basically the total of your sales, before you take out any GST and leaving out a few special amounts. The ATO uses it as a measuring stick. For example, once your GST turnover reaches $75,000 you generally have to register for GST (the figure is $150,000 for not-for-profit organisations). It also affects how often you report and what shortcuts you can use.

Related lessons¶

• GST turnover

General information only — not tax, super or financial advice.