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GST - TAXI

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I'm new

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Replies 1

I was previously a taxi operator/driver and therefore required to be registered for GST and pay GST from the first $.    I have now leased my plates to another operator.  The only income my business receives now is the lease fee for the taxi plate.  Do I now only have to pay GST if I will earn more than $75K

1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

Superuser Registered Tax Practitioner

Replies 0

Hi Nebaras

 

Your assumption is correct.

 

https://www.ato.gov.au/law/view/document?docid=AID/AID2002486/00001

 

One Stop Tax

Tax Return and Tax Back Specialist

https://onestoptax.com.au/

1 REPLY 1
Highlighted

Best answer

Superuser Registered Tax Practitioner

Replies 0

Hi Nebaras

 

Your assumption is correct.

 

https://www.ato.gov.au/law/view/document?docid=AID/AID2002486/00001

 

One Stop Tax

Tax Return and Tax Back Specialist

https://onestoptax.com.au/