- Businesses in Australia can correct GST errors on a later business activity statement (BAS).
- GST errors refer to mistakes made when reporting GST on an earlier BAS.
- There are different types of GST errors that can be corrected.
- It is generally easier to correct a GST error on a later BAS than to revise an earlier period.
- However, there are certain conditions that need to be met in order to correct a GST error on a later BAS.
- It is not possible to correct an error to claim additional GST credits if the 4 year time limit for claiming those credits has expired.
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Australia"
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
- ATO Finalizes GST Rules for Prepared Meals, Offers Transitional Compliance for Certain Products
- Updated GST Rulings on International Supplies: ATO Issues GSTR 2025/1 and GSTR 2025/2
- ATO Withdraws Practice Statement on GST Treatment of Government Agency Fees and Charges
- ATO Finalizes Waiver of Tax Invoice Requirement for Direct Entry Services in 2025
