Correcting GST Errors in Australia: Guidelines for Correcting Errors on Business Activity Statements

• 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.

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