- ATO consulting on new GST reporting for top 1,000 groups
- New supplementary annual GST return for Top 100 and Top 1,000 taxpayers with GST assurance rating
- Consultation on guidance for completing the supplementary annual GST return
- ATO identified common GST risk areas, including incorrect reporting of supplies and acquisitions
- Errors in reporting fringe benefits to employees and financial acquisitions threshold test
- Concerns about misclassification of products and incorrect reporting of real property transactions
Source: accountingtimes.com.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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