GST – completing your activity statement - Australian Taxation Office

INDEXDdebtbad, 16sale of property to satisfy, 19see also payment of taxdecreasing adjustments, 16Deferral GST Scheme, 30definitions and terms, 5, 49deposits, forfeited, 19direct credit and debit payments, 42discounts, 16‘do not complete this option’, 6document ID, 6documentation, see records and record keepingdomestic use, see private usedrainage and sewerage services, 23Eearnings from financial supplies, 19education services, 23$82.50 or less, purchases costing, 8electronic lodgment and payment, 42employee contributions for fringe benefits, 19employee purchases, reimbursement of, 29enterprises, see businessesentertainment expenses, 35equipment, 19purchases, 27, 29; sale at expiry of lease, 20errors, correction of, 16excisable goods in bond, 20, 30expenses, see purchasesexport sales, 21–2G1 report, 20when to report, 13–14Ffamily maintenance expenses, 35fees and charges, 19, 3450/50 split method for entertainment fringe benefits, 35financial acquisitions threshold, 48financial institution accounts, 43interest earnings, 19financial supplies, 48additional instructions, 9earnings from, 19sales, 16, 25flights, stores or spare parts for international, 21, 22food, 23, 24sales by school tuckshops and canteens, 25foreign residents’ agents, sales made through, 20foreign trade, see export sales; importationsforeign transport, see international transportforfeited customer deposits, 19free on board value of export sales, 20, 21freight, amount received for export sales, 20fringe benefits, 33, 35employee contributions, 19fundraising events, 25furniture, 19, 27GG1, 13–14, 18–20, 25G2, 13–14, 21–2G3, 13–14, 23–4G4, 25G5-9, 26G10, 13–14, 27–8, 30–1G11, 13–14, 28–31G12, 31G13, 32–3G14, 34G15, 34–5G16–G20, 36gambling supplies, 9general interest charge, 42gift deductible entities, 23going concerns, sales of, 23, 24government schools, 23grants, 19GST credits (input tax credits), 5, 28, 33, 36, 37, 38tax invoices, 8when adjustments arise, 16when to report, 15GST Deferral Scheme, 30GST-free sales, 20, 21–3purchases, 34when to report, 13–14GST instalment amount (option 3), 14, 37–8GST on purchases (1B), 13–14, 36, 38GST on sales (1A), 13–14, 26, 37GST registration, cancellation of, 16Hhealth services, 23, 24hire purchase sales, 20see also financial supplieshousing, see accommodationIimportations (offshore purchases), 30, 32–5cars exceeding car limit, 27documentation, 8intangible supplies, 29, 34when adjustments arise, 16when to report, 15income from financial supplies, 19increasing adjustments, 16input tax credits, see GST creditsinput taxed sales, 25, 32–3excisable goods in bond for, 20, 30items received from associates for, 27, 29, 32instalment amount (option 3), 14, 37–8instalment (part) payments, 21insurance, 9, 29export sales, 20importations, 30intangible supplies purchased offshore, 29, 34interest charge on late payments, 42interest payments received, 1950