GST – completing your activity statement - Australian Taxation Office
GST – completing your activity statement - Australian Taxation Office
GST – completing your activity statement - Australian Taxation Office
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CONTENTSCHAPTERABEFORE YOU STARTWhat you need to do to complete <strong>your</strong> <strong>activity</strong> <strong>statement</strong> 401INTRODUCTION 5About these instructions 5Terms we use 5Your <strong>activity</strong> <strong>statement</strong> 6Tax invoices 802CHECK IF YOU NEED ADDITIONALINSTRUCTIONS 903CHOOSE A METHOD TO COMPLETEYOUR ACTIVITY STATEMENT 10Calculation worksheet method 10Accounts method 1204IDENTIFY YOUR REPORTING ANDPAYMENT PERIOD 13Report and pay <strong>GST</strong> monthly 13Quarterly options 13Report and pay <strong>GST</strong> annually 14BHOW TO COMPLETE YOURACTIVITY STATEMENT07COMPLETING THE <strong>GST</strong> LABELS ONYOUR ACTIVITY STATEMENT 18Step 1 Complete sales on the front of <strong>your</strong><strong>activity</strong> <strong>statement</strong> 18G1 Total sales 18G2 Export sales 21G3 Other <strong>GST</strong>‐free sales 23Step 2 Calculating sales on the calculation worksheet 25G4 Input taxed sales 25G5 Subtotal (G2 + G3 + G4) 26G6 Total sales subject to <strong>GST</strong> 26G7 Adjustments 26G8Total sales subject to <strong>GST</strong> afteradjustments 26G9 <strong>GST</strong> on sales 26Step 3 Complete purchases on the front of <strong>your</strong><strong>activity</strong> <strong>statement</strong> 27G10 Capital purchases 27G11 Non‐capital purchases 2905IDENTIFY YOUR ACCOUNTING BASIS 15Accounting on a cash basis 15Accounting on a non‐cash basis (accruals) 1506CORRECTING AND ADJUSTING <strong>GST</strong>IN YOUR ACTIVITY STATEMENTS 16Adjustments 16When adjustments arrive 16Correcting <strong>GST</strong> errors 161
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