2 businesses 1 abn and gst registered

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 · Accepted Answer

WendyATO · Answer

When you use the same ABN with multiple business activities and registered for GST. Then GST will need to be charged on all businesses including the 2nd business regardless the amount earnt. Yes, you will need to complete a BAS for business 1 & 2. You can do this by totalling both businesses together. You may be able to use a different business structure (https://www.ato.gov.au/Business/Starting-your-own-business/Business-structures---key-tax-obligations/) not as a sole trader by applying for another ABN if eligible. I cannot advise what structure to use and whether this be beneficial. If the two businesses where under two different ABN's, then GST registration would apply on the individual ABN that is above $75,000 threshold.

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