On page 15 of the student manual under “Effect of registering for GST” it states ”
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<span style=”font-size: 11.000000pt; font-family: ‘TrebuchetMS’;”>GST must be reported on an Accrual Basis if turnover is more than $2,000,000″
However, I though it was more than $10,000,000 turnover had to report on an accrual basis as per
Could you please advise which is correct.
You are correct. It is $10 million. The book has not been updated with the latest information. The latest information can be found on the ATO website.
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