loading

Error: Hobbies claiming GST credits?

Warning from ATO, must read below.
To claim GST credits, you must be in business with an intension to make profit. If you are conducting
irregular activity that generates income but no profit, that is merely your hobby not a business. GST
credits cannot be claimed and need to cancel their GST registration.

To know if you are running a business or its just a hobby, please contact us on 08 9242 3555 or email
admin@businessmantra.com.au

Source: ATO

Related Post

2022-23 Federal Budget Highlights

30 March 2022

Your monthly activity statement (BAS) is due on the 21st

10 February 2022

E-invoicing protects you against invoice fraud

02 February 2022

Login Account

Already a Rubnio Customer?

Invaild email address.

6 or more characters, letters and numbers. Must contain at least one number.

Your information will nerver be shared with any third party.