Quarterly GST options

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Terms we use When we say pay GST amounts, we mean pay or claim a refund of GST amounts

Most businesses can choose how they report and pay their GST obligations. Your activity statement will show which options are available to you. Write 'X' in the box next to the option you choose for GST.

If your business has a GST turnover over $20 million, you must report and pay GST electronically, every calendar month.

Regardless of which option you choose, if you use the calculation worksheet method to work out GST amounts, you report GST-inclusive amounts. If you use the accounts method, you can report either GST-inclusive or GST-exclusive amounts, but you should indicate on your activity statement which method you use. You do this by answering the question 'Does the amount shown at G1 include GST?' located directly below label G1 on your activity statement under Options 1 and 2.

For more information on the calculation worksheet method, refer to GST calculation worksheet for BAS (NAT 4203).