Tax basics for small business

Reporting GST

You report your GST on the activity statement we send you at the end of each tax period. As a small business, you will normally have quarterly tax periods, but may choose to report monthly.

If you are eligible, you can choose to:

• pay quarterly instalments (that we work out) and lodge an annual GST return
• report and pay GST annually if you are voluntarily registered for GST.

For more information, refer to Report your GST once a year (NAT 12906).

Keep the GST aside

Remember, the GST you collect does not belong to you. You must pay any GST you collect (less GST credits) to us.

Sections within How GST works

• GST credits
• GST sales and purchases
• Special GST rules
• Tax invoices
• Reporting GST
• GST summary