ATO Compliance
All documents generated by Easyprop are ATO compliant.
It is the responsibility of subscribers to be GST registered if they charge GST.
Goods and Services Tax (GST) registration is required if a business has a GST turnover of $75,000 or more ($150,000 or more if the business is a non-profit organisation)
Businesses registered for GST must pay one-eleventh of taxable sales to the ATO. Businesses can claim credits for the GST included in the price of business purchases.
For GST purposes, businesses must show certain details on a tax invoice, depending on the amount. If the business is not registered for GST it cannot issue a tax invoice.
|