GST Implications of Starting or Closing a Business

Ensure you’re across the GST impacts of starting up or shutting up shop - such as asset disposals, GST adjustments, & more.

In the session, we cover:

• Identifying the relevant entity

  • ‘Entity’ under the GST law

  • Partnerships and other unincorporated bodies

• GST registration basics

  • Carrying on an ‘enterprise’

  • Why register for GST?

  • Turnover - past vs future, what’s included

• Key start-up and wind-down considerations

  • Company pre-establishment costs

  • Stock on hand when registering for GST

  • Voluntary registration

  • Registration cancellation

  • Adjustments upon cancellation

  • Capital assets and termination of enterprise

Date recorded: 17 June 2025