- Top 100 GST assurance program aims to ensure top taxpayers report the correct amount of GST
- Initial review is conducted for each top taxpayer, followed by annual reviews until high or medium assurance is achieved
- Refresh reviews are conducted every 4 years, with monitoring in between
- Tailored compliance activities are based on overall GST performance, business activities, tax control framework, and prior engagements
- 4 focus areas are reviewed in a GST assurance review, including GST controls, design effectiveness, operational effectiveness, and reporting accuracy
- Data and transaction testing is conducted in an initial review on 3 consecutive BAS periods, with a tailored approach in refresh reviews
- GST Governance, Data Testing and Transaction Testing Guide is applied when reviewing tax control framework for GST purposes
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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