GST Basics Quiz for Businesses with $75K+ Annual Turnover
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Questions and Answers

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?

  • 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?

  • 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

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