Common errors when accounting for GST

About this fact sheet

This fact sheet covers common errors that may occur when:

• you don't keep good records
• your systems and processes don't work correctly
• you receive or issue tax invoices
• you account for GST.

Terms we use

When we say: GST credits, we are referring to the GST term, input tax credits sales, we are referring to the GST term, supplies purchases, we are referring to the GST term, acquisitions business, we are referring to the GST term enterprise.