If a business is late in registering for GST, are they able to use the 21-day period?
For example, say a business's GST turnover crosses the threshold on March 22nd. Are they able to backdate their late GST registration to start 10 days later, on April 1st?
No, you would need to register within the 21 days of when your GST turnover exceeded the relevant threshold and backdate your start date to that date.
If you haven't registered prior to reaching the relevant threshold and have not charged GST on any taxable sales, you will need to pay the GST on those sales.
You may also incur a penalty for failing to meet tax obligations within the required time frame.
No, you would need to register within the 21 days of when your GST turnover exceeded the relevant threshold and backdate your start date to that date.
If you haven't registered prior to reaching the relevant threshold and have not charged GST on any taxable sales, you will need to pay the GST on those sales.
You may also incur a penalty for failing to meet tax obligations within the required time frame.
15 Apr 2026 · 4 min read time
22 Apr 2024 · 6 min read time
15 Apr 2026 · 4 min read time
416 views
1 replies