Rebates and GST

Introduction

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
• increasing adjustments, we are referring to adjustments which increase your net GST liability or decrease your GST refund for a reporting period
• decreasing adjustments, we are referring to adjustments which decrease your net GST liability or increase your GST refund for a reporting period
• payment (made or received), we are referring to the GST term consideration.

For more information about paying rebates and other trade incentives to third party end users or consumers, refer to Goods and Services Tax Ruling GSTR 2000/19 Goods and services tax: making adjustments under Division 19 for adjustment events.