Turnover for the short time the company has been trading was \($2,520\) in July and around \($11,000\) in August. At the time of registering the business with the tax authority it was a service business and the estimate of an annual turnover of less than \($60,000\) seemed reasonable. The business is now growing much faster than expected and it is looking as though David may have underestimated the annual turnover.

Required 

Is the company required to register for GST now, and if not when should it register? Should the company voluntarily register for GST? When preparing your response, include the research you completed in chapter one case study and the results of trading in August. Do you believe there is any advantage to registering for GST now?