Question

If a business is having no profit, then also we had to pay gst to the government? or it's completely dependent of the profit?​

Answer 1

Answer:

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.

There are several options for GST payment. Businesses with under $20 million in annual turnover will usually report and pay quarterly unless otherwise specified by the ATO. Businesses that have over $20 million in annual turnover are required to report and pay monthly.

Explanation:

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