GST Registered refers to a business that is registered for the Goods and Services Tax (GST) with the Australian Taxation Office (ATO). This registration allows businesses to charge GST on their sales, claim GST credits on purchases, and comply with Australian tax obligations. GST registration is often required for businesses applying for finance, including Vehicle Finance, Equipment & Asset Finance, or Low Doc loans.

Why GST Registration Matters

GST registration ensures compliance with tax laws and is critical when applying for business finance. Lenders use GST status to verify revenue reporting and financial credibility when issuing loans or pre-approvals. SMEs in the Tradie Hub, Truckie Hub, Café Hub, and Whitecoat Hub must be GST registered to streamline finance and invoice processes.

• Allows charging GST on sales
• Enables claiming GST credits on business purchases
• Essential for compliance with ATO regulations
• Required by lenders for finance eligibility and pre-approvals

How GST Registration Works

• Apply online via the ATO or through a registered tax agent.
• Once registered, your business will be assigned an ABN linked to GST status.
• Charge GST on applicable sales and lodge Business Activity Statements (BAS) regularly.
• Claim GST credits on business-related expenses.
• Maintain compliance to avoid penalties and ensure finance eligibility.

GST Registered businesses often intersect with terms such as ABN, Low Doc, and Pre-Approval.

Related Switchboard Resources

• Vehicle Finance
• Equipment & Asset Finance
• Low Doc Asset Finance
• Tradie Hub
• Truckie Hub
• Café Hub
• Whitecoat Hub

Official info: business.gov.au