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Need advise on GST for Sole Trader

Discussion in 'Accounting, Tax & Legal' started by Abhishek, 13th May, 2019.

  1. Abhishek

    Abhishek New Member

    Joined:
    13th May, 2019
    Posts:
    1
    Location:
    Sydney
    Hi All,

    I have started working in Sydney from April 2019 as a Sole trader for an IT company. My monthly salary is approx 4k only. As per Aus law, if I am a sole trader and earning 75k or more in an financial year, I have to register and pay GST.

    My question is for this current Financial year, my GST amount which I will get from the company is only 1000 AUD. What should I do with that amount?

    Should I register for GST now? Even If I register, Am I eligible to pay GST?