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Questions and Answers
Which of the following businesses are required to register for GST?
Which of the following businesses are required to register for GST?
- Businesses with an annual turnover of $100,000 or more
- Businesses with an annual turnover of $75,000 or more (correct)
- Businesses with an annual turnover of $150,000 or more
- Businesses with an annual turnover of $50,000 or more
Who is required to register for GST even if their annual turnover is less than $75,000?
Who is required to register for GST even if their annual turnover is less than $75,000?
- All of the above
- Non-profit organisations
- Businesses providing ride-sourcing services
- Businesses providing taxi or limousine travel (correct)
What is the purpose of claiming fuel tax credits?
What is the purpose of claiming fuel tax credits?
- To increase the annual turnover of the business
- To avoid registering for GST
- To receive a refund for fuel expenses (correct)
- To reduce the amount of GST owed
