GST Timing Rules: Claiming Credits & Paying Liabilities

It’s GST o’clock! When do you claim input tax credits, and is there a time limit? Likewise, what about if you have GST to pay?

In this session, we cover:

• GST Basics

  • Supplies

  • Acquisitions

• GST attribution rules and exceptions

• Accounting methods for GST

  • Cash basis

  • Non-cash basis

• Reporting cycle for GST

  • Monthly, quarterly or annually

• Attributing GST liabilities

  • Attributing GST on taxable supplies

  • Attributing GST on input tax credits

• Exceptions

  • Security deposits

  • Face value vouchers

• GST adjustment events

  • 4 year period of review

Date recorded: 8 July 2025