GST – completing your activity statement - Australian Taxation Office

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01 INTRODUCTIONTAX INVOICESGenerally, you must hold a valid tax invoice to claim backany GST you are entitled to on purchases you make. However,even if you hold a document that states it is a tax invoice, youcannot claim a GST credit if the purchase did not include GSTin the price.You must have a tax invoice to claim a GST credit forpurchases that cost more than $82.50 (including GST).If you do not have a tax invoice, you must wait until youreceive one from your supplier before you claim the GSTcredit, even if this is in a later reporting period.You are not required to hold a tax invoice if the cost ofthe item is $82.50 (including GST) or less. There are someother circumstances where you are not required to hold atax invoice. For example, you do not need a tax invoice fortaxable importations, but you must have the relevant Customsdocumentation – usually referred to as the ‘Customs Entry’,‘Entry for Home Consumption’ or the ‘Informal ClearanceDocument’.For more information about tax invoices, referto Valid tax invoices and GST credits (NAT 12358).8
CHECK IF YOU NEEDADDITIONAL INSTRUCTIONS02There are several less common transaction types that are notcovered in these instructions. We have developed additionalinstructions that explain how to complete your activitystatement if you make these less common transactions.Commercial accommodation:n GST and commercial accommodation – completingyour activity statementFinancial supplies:n GST and financial supplies – completing your activitystatementGambling supplies:n Accounting for gambling supplies on your activity statementInsurance transactions:n GST and insurance transactions – completing youractivity statementLong-term non-reviewable contracts:n Accounting for long-term non-reviewable contractson your activity statementMargin scheme:n GST and the margin scheme – completing your activitystatement (NAT 10670)Offshore purchases:n GST and things purchased from offshore – completingyour activity statementProgressive or periodic sales and purchases:n GST and progressive or periodic sales and purchases– completing your activity statementSecond-hand goods:n GST and second-hand goods – completing youractivity statementSimplified GST accounting methods:n GST – completing your activity statement – businessnorms methodn GST – completing your activity statement – salespercentage method (NAT 16016)n GST – completing your activity statement – snapshotmethod (NAT 16014)n GST – completing your activity statement – stockpurchases method (NAT 16015)n GST – completing your activity statement – purchasessnapshot method (NAT 15978)Tax drivers:n Completing your activity statement – instructions for taxidrivers (NAT 11368)Vouchers:n GST and vouchers – completing your activity statementRefer also to:n Completing your annual GST returnn Making adjustments on your activity statements (NAT 11035)9
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Page 3 and 4: CONTENTSCHAPTERABEFORE YOU STARTWha
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Page 7 and 8: INTRODUCTION01ABOUT THESE INSTRUCTI
Page 9: 01 INTRODUCTIONEXAMPLE: A quarterly
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Page 15 and 16: n4189-06-2011.indd 1IDENTIFY YOUR R
Page 17 and 18: IDENTIFY YOUR ACCOUNTING BASIS05The
Page 19 and 20: HOW TO COMPLETEYOUR ACTIVITYSTATEME
Page 21 and 22: 07 COMPLETING THE GST LABELS ON
Page 41 and 42: STEP 6 - CHECK YOUR COMPLETEDACT
Page 43 and 44: AFTER COMPLETINGYOUR ACTIVITYSTATEM
Page 45 and 46: 08 LODGING YOUR ACTIVITY STATEME
Page 47 and 48: 09 EXAMPLE OF RECORD KEEPINGSam
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Page 53 and 54: INDEXinternational trade, see expor
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GST – completing your activity statement - Australian Taxation Office

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