How does GST work in my business? In the normal course of your business, you charge GST in your sales and income and claim it back on your purchases and expenses. You then calculate the difference in your GST return to work out if you owe GST to Inland Revenue or if Inland Revenue owes a GST refund to you. Once you’ve registered for GST, you will need to file GST returns periodically throughout the year. Registering for GST If your annual turnover is less than $60,000, you may choose not to register for GST or to register voluntarily. You
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