Yes! From 1 January 2023, it is a mandatory requirement to have your business registered for GST to continue being a qualified Runner on the GoPeople platform.
GoPeople is a platform that connects you with the customers. GoPeople has an obligation to charge all customers for GST. As the delivery service provider, you (your company) must be paid for the GST as a part of your fees.
There are many benefits to being registered and charging for GST. You can claim GST credits for your business purchases. It usually helps with you/your company's cash flow. For more advice, please chat with your accountant or ATO.
You/your company do NOT have to earn more than $75,000 to be registered for GST. Any business of any size can register for GST! Please work closely with your accountant and Australian authorities to understand the benefits and obligations.
You can follow the link below to make an update to be registered for GST.
You can find out more info on GST via the page below
Here are some most commonly asked questions on GST (FAQs):
Does it cost money to register for GST?
No, it is FREE. It's simple to register for GST yourself, and it costs nothing.
Can I register GST as a sole trader?
Yes, you can.
Can I register GST if turnover is less than $75,000?
Yes, any business of any size can register for GST. You must include GST in your fees and claim GST credits for your business purchases.
How long does it take to register for GST ATO?
If you register for GST online, it will take effect immediately. It can take up to 48 hours to show on the ABN lookup, but your GST is active from the moment you register.
What are GST credits?
GST credits are a potential amount of money your business can claim from the ATO. If you are registered for GST, you can claim back the GST included in the purchase price of something you've bought for your business. For example, you can claim GST on petrol, car servicing and insurance. Visit the ATO's website for more information, or speak to a tax professional who can advise on your circumstances.
How can I update my GST settings for GoPeople?
You can log in to the Runner App -> Go into "Account" from the bottom nav -> Update ABN and check for GST.