- GST Gap and Trends:
The GST gap hit a low during COVID-19 due to online shopping but is now rebounding upward post-pandemic. - Justified Trust Program Impact:
The program has improved GST performance in Top 100 and Top 1000 businesses, enhancing governance and controls. - Future Initiatives and Challenges:
The ATO is addressing complex GST classification issues for evolving products and investing in future-proofing tax administration with digital advancements.
Source KPMG
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