- Large businesses may need to lodge a Supplementary annual GST return
- The return is for those who have had a GST assurance review
- It aims to improve engagement and reduce resource investment
- High assurance taxpayers are expected to benefit the most
- A pilot program was conducted with Top 100 and Top 1,000 taxpayers
- Feedback helped refine the return for clarity and functionality
- Notifications for lodgment are sent via email and post
- Early December balancers receive notice in May, due by 21 August
- Update contact details to ensure receipt of correspondence
- Return form and instructions are available on the website
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.
