GST Essentials - An ATO Guide

GST Essentials - An ATO Guide

Are you?	- Registered or required to be registered for Goods & Services Tax [GST]?
At a glance:	- The Tax Office has released a guide to explain the operation of GST and what taxpayers need to do to meet their GST obligations.
You should:	- Ensure you are aware of the Tax Office guides and publications to help you meet your taxations obligations. - Contact us if you require any clarification or advice.

1.	Many business taxpayers face great difficulty in interpreting GST laws and understanding how to apply those laws to their transactions.
2.	In an effort to assist taxpayers, the Tax Office has issued a comprehensive guide to explain how GST works and how taxpayers can go about meeting their GST obligations.
3.	The guide has explanations on a range of issues including: • How to register for GST; • Taxable and non-taxable sales; • Issuing and obtaining tax invoices; • Claiming GST credits; • Accounting and reporting for GST; and • How to make GST Adjustments.
4.	Click here for a copy of the guide or visit the ATO website at www.ato.gov.au