GST – completing your activity statement - Australian Taxation Office

INTRODUCTION01ABOUT THESE INSTRUCTIONSThese instructions will help you through each step tocompleting the GST section of your activity statement.To use these instructions you need to be comfortablewith the concepts of:n how GST works and how to calculate GSTn what taxable sales, GST-free sales and input taxed sales aren when you can account on a cash or non-cash basisn when you report GST amounts and claim GST creditsn the requirements for tax invoices and adjustment notes.If you are new to business, GST for small business(NAT 3014) will introduce you to GST and help youunderstand GST concepts and terminology.If you operate a non-profit organisation, Tax basics fornon‐profit organisations (NAT 7966) will provide you withmore information.If your business has to account for complex or uncommonGST situations, you can also obtain supplementary activitystatement instructions from us (refer to page 9).TERMS WE USEWhen we say:n sales, we mean the GST term suppliesn purchases, we mean the GST term acquisitionsn GST credits, we mean the GST term input tax creditsn reporting period, we mean the GST term tax periodn payments made or received, we mean the GST termconsiderationn business, we mean the GST term enterprise.Some technical terms used in these instructions may be newto you. They are explained in the list of ‘Definitions’ on page 48.Throughout this guide you will find important notes (look forthe symbol) which will help you find key information.You will also find More information boxes (look for thesymbol) that will explain any further steps you mayneed to take or additional information you can refer to.5