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A Diabetes Care Management program was developed by PrimeCare, a network model HMO, to improve quality of life health outcomes and reduce the costs of medical care for its members with diabetes.

Tablets are for people with type 2 diabetes whose blood sugar levelscannot be controlled with diet and exercise alone. They can help control your blood sugar levels and prevent diabetes complications. But tablets are not a magic bullet – you need to keep up with a healthy lifestyle.

GST (goods and services tax) is a broad-based tax of 10% on most products and services sold within Australia. As a business owner, it’s important to understand whether you’re obligated to charge GST to your customers.

Keep reading to know when you should register for GST.

The ATO (Australian Taxation Office) says you need to register GST when your business’s GST turnover meets or exceeds $75,000.

You must also register GST:

If none of the above applies to your current business, then GST registration is optional.

To determine if you need to register for GST, you’ll need to take your business’s annual GST turnover into account.

GST turnover is the sum of all the money that comes in and goes out of your business, minus any expenses or debts. This could include sales, fees, rent, capital investments and anything else that you’re using for your business.

To see if you meet the $75,0000 threshold to register for GST, examine your current GST turnover and your forecasted (predicted) GST turnover. If this months’ turnover plus the 11 months prior (or 11 months in the future) reaches or exceeds $75,000, you are obligated to pay GST.

Once your business reaches the threshold to start paying GST to the ATO, you have 21 days to register. If you fail to register within the 21-day window, you may be compelled to pay GST on every sale you’ve made since crossing the threshold, and if you didn’t compensate for GST in your pricing, you’d have to pay GST out-of-pocket.

You only ever need to register GST once, even if you operate multiple businesses. You can check your GST registration with the ATO by doing an ABN (Australian Business Number) lookup for your own business.

If you’re not registered for GST and meet the threshold requirements, you need to register.

There’s more than one way of registering for GST in Australia:

Once you’re registered for GST, the following benefits will immediately apply to your business:

Once you’re registered for GST, your customers will need to pay you 10% more than they previously would have. The easiest way to collect GST from your customers is to add 10% to the price tag of every product and service you sell.

If you’re providing services to your customers, you should factor in GST at the beginning of the service process.

If you’re a GST registered business, then you can claim GST credit (also known as an input tax credit) for purchases:

There is a four-year window of time you can claim GST credits. Learn more about claiming GST credits on the ATO website.

Head to the ABN Lookup website and enter your ABN to check your GST registration status.

Waterways Luxury Apartments

Address: 40 Ferny Ave, Surfers Paradise QLD 4217, Australia