- GST analytical tool guide is now available online on ATO Law for Top 100 and Top 1000 businesses
- Guide assists in completing the GAT reconciliation process
- GAT helps understand differences between accounting and GST figures and verifies them with evidence
- Previously, the guide was emailed during initial GST assurance reviews
- Small modifications made for clarity on applicability and methodology
- Businesses predominantly input-taxed are excluded from the GAT process
- Supplementary annual GST return includes questions on GAT reconciliation for those reviewed
- FAQs developed to assist with the GAT process
- ATO offers collaborative support for difficulties in completing the GAT process
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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