you do not have to register for GST because shares are...

  1. 37,911 Posts.
    lightbulb Created with Sketch. 828
    you do not have to register for GST because shares are "input-taxed" sales

    regards

    You must register for GST: when your business or enterprise has a GST turnover (gross income minus GST) of $75,000 or more

    Your GST turnover is your gross business income (not your profit), excluding any:
    • GST included in sales to your customers
    • sales that aren't for payment and aren't taxable
    • sales not connected with an enterprise you run
    • input-taxed sales you make
    • sales not connected with Australia.
    https://www.ato.gov.au/Business/GST/Registering-for-GST/#Whentoregister

    Input-taxed sales are sales of goods and services that don't include GST in the price. You can't claim GST credits for the GST included in the price of your 'inputs'.

    https://www.ato.gov.au/Business/GST/When-to-charge-GST-(and-when-not-to)/Input-taxed-sales/
    Last edited by ddzx: 07/10/19
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.