- The GST analytical tool guide is available on the ATO Legal database.
- It assists taxpayers in completing the GAT reconciliation process.
- Small modifications clarify applicability and methodology.
- Required for taxpayers in the Top 100 or Top 1000 program, except predominantly input-taxed businesses.
- Part of the justified trust methodology for GST.
- Core requirement for periods under ATO review.
- Aims to understand and verify differences between accounting and GST figures.
- The guide helps taxpayers use the GST analytical tool.
- The annual GST return includes questions about the reconciliation process and outcomes.
Source: pwc.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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