Treasurer GST Facts

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GST registration

The GST registration turnover threshold for a non-profit organisation is $150,000 ($75,000 for other organisations).

This means a non-profit organisation is not required to be registered for GST unless its annual turnover is $150,000 or more.

A Not for Profit organisation may voluntarily register for GST if its annual turnover is under $150,000. This may be because it wants to claim back the credits for the GST it pays in the price of goods and services it purchases for use in its activities.

However, the decision to remain voluntarily registered for GST is one that ought to be based on the administrative needs of the organisation.

Benefits of not being registered for GST

Not for Profit organisations with an annual turnover under $150,000 may prefer not to register for GST because they consider that it is better to forgo the GST credits that may be available, rather than undertake the tax obligations that registration places on them.

These tax obligations include: 
  • paying GST on memberships
  • paying GST on other sales (unless they are GST-free or input taxed)
  • issuing tax invoices for sales of $75 (excl.GST) or more, and
  • completing and lodging Business activity statements.

 

Goods & Services Tax (GST) Where a non-profit organisation is registered or required to be registered for GST, the price of most sales of goods and services and anything else will be inclusive of GST. Similarly, the organisation may be entitled to claim GST credits on the purchases it makes in carrying out its activities. Tax basics for non-profit organisations

Goods & Services Tax (GST) When a non-profit organisation undertakes fundraising activities, the related transactions may be subject to goods and services tax (GST). There are, however, concessions that may be applied to the organisation’s fundraising activities, while others will help the organisation meet its GST obligations.
Goods and services tax - Fundraising