GST registeration requirement threshold urgent help
Hi, Can someone please advise if we need to be a GST registered if business on amazom hits $75,000 annual sales or $75,000 of annual payments by Amazon in to our account after deduction of amazon fees etc...
Thank you, appreciate your help
GST registeration requirement threshold urgent help
Hi, Can someone please advise if we need to be a GST registered if business on amazom hits $75,000 annual sales or $75,000 of annual payments by Amazon in to our account after deduction of amazon fees etc...
Thank you, appreciate your help
4 replies
Seller_cfZ8gAAe3ieCT
In Australia, GST registration is required if your business has a GST turnover of $75,000 or more. GST turnover is your gross income (excluding GST) from all your business activities, minus any GST included in your sales.
When it comes to selling on Amazon, you need to consider the total sales value (gross income) of your sales, not the net amount after Amazon's fees. So, if your total sales on Amazon reach $75,000 in a financial year, you are required to register for GST, regardless of the deductions Amazon takes for its fees.
Therefore, you should track your gross sales to determine if you meet the GST registration threshold.
Jessica_Amazon_
Thanks for your post! And thank you to those that have responded!
In addition to the helpful information you have received in this thread, I would also recommend that you speak with a professional tax advisor regarding this.
Jessica
