Rectifying Past GST Errors

How far back can you amend a BAS? Is there a time limit for claiming input tax credits? Get answers to these questions & more.

In this session, we cover:

• Are you making an error or a correction?​

• Recap of GST fundamentals​

  • Exceptions​

  • Time limit - ‘period of review’​

  • Errors, corrections, adjustments​

• Scenarios​

  • Late claiming of credits - s 29-10 & 93-5​

  • ‘Corrections’ - LI 2023/32​

  • Amended assessments​

  • ‘Adjustments’​

    • General​

    • Change of intention​

    • Going concerns​

    • Cease registration​

• Voluntary disclosures​

Date recorded: 10 December 2024