Has your business crossed a GST threshold? Here’s what changes from 1 July 2026

If your GST turnover has dropped below the $75,000 threshold, you may be eligible to cancel GST registration or move to simpler reporting options from 1 July. From 1 July 2026, the ATO will automatically move businesses to the correct GST reporting method. You can also make the switch yourself before that happens. What is changing?

$10 million or more – full BAS reporting is required instead of simpler BAS, and GST must be accounted for on a non-cash (accruals) basis. You’ll also need to complete all GST labels on your BAS, rather than only reporting totals at G1, 1A and 1B. $20 million or more – monthly GST reporting is required instead of quarterly. This also affects wine equalisation tax, luxury car tax and fuel tax credit reporting – all of which will also move to monthly. The way we explain it to our clients

Cash accounting reports GST when money is actually received or paid. Accrual accounting reports GST when invoices are issued, regardless of when payment is received. If your business is growing, it’s worth regularly checking your GST turnover, your current reporting method, and whether your BAS frequency is still correct. You can update your settings through ATO Online Services for Business – no need to wait for the ATO to do it for you.

Not sure where your business sits? Our Business Service team can help you work through it.