• Annual GST return

    If you have received an annual GST return, it is because you elected to report GST and pay (or claim a refund) annually. You must complete the return to report GST and calculate the amount you owe the ATO or the amount we owe you.

    Attention

     You must complete an Annual GST return (NAT 4646) even if you had no activity.

    End of attention

    Lodging your return online

    We offer a range of fast, convenient and secure online services that make it easier for you to comply with your business tax obligations. By lodging online, you will receive instant confirmation that your statement has been lodged.

    Find out more

    Information and to register, visit online services.

    End of find out more

    Lodging a paper return

    • Print clearly, using a black pen only.
    • Leave boxes blank if they don't apply to you, unless we ask you to write '0'. Do not use N/A or NIL.
    • Write whole dollars only – do not show cents.
    • Do not use symbols such as +, -, /, $.

    How to complete the return

    Using information from your accounts or the GST calculation worksheet, report the actual GST amounts (G1, G2, G3, G10 and G11) for your annual tax period this financial year.

    Your annual tax period start and end dates are printed in the top right hand corner on the front of the return.

    Attention

     Do not include any GST amounts on the return for tax periods prior to the start date of your annual tax period.

    End of attention

    Indicate whether the G1 amount includes GST by placing an X in the relevant box under the G1 label.

    Using information from your accounts or the GST calculation worksheet, complete 1A and 1B on the back of the return, including any wine equalisation tax (1C and 1D), luxury car tax (1E and 1F) or fuel tax credit amounts (7C and 7D) if appropriate.

    Attention

     Do not complete 1H if it appears on the return – leave it blank. 1H is only to be completed by clients who have elected to pay quarterly GST instalment amounts as advised by the ATO.

    End of attention

    Complete 8A (1A + 1C + 1E + 7C) and 8B (1B + 1D + 1F + 7D).

    If 8A is more than 8B:

    • place an in the Yes box in the Payment or refund? section
    • enter the amount (8A minus 8B) at 9 (Your payment or refund amount)
    • transfer the amount from 9 to the Amount paid box on the payment slip.

    If 8A is less than 8B:

    • place an in the No box in the Payment or refund? section
    • enter the amount (8B minus 8A) at 9 (Your payment or refund amount)
    • tear off the payment slip and discard it.

    After completing your return

    • Sign the declaration.
    • Record the time taken to complete the return.
    • Tear off the payment slip.
    • Lodge the return using the return address envelope provided. Return the form even if all labels are blank.
    • Make sure your payment is made by the due date.

    Cancelling your GST registration

    If you cancelled your GST registration during the annual tax period, you may have already lodged an annual GST return.

    You must lodge a second annual GST return if:

    • you have already lodged an annual GST return for part or all of the annual tax period
    • you re-registered for GST later in the same annual tax period
    • for that period of the year after you re-registered, you have a further amount of tax you have to pay or you have a further credit to which you are entitled.

    In this second return, you must provide information for the period not already covered by your first return.

    If you have not already lodged an annual GST return, you must include information for the total annual tax period, that is, from the first day of the annual tax period you were registered for GST, until the end of the tax period.

    Reporting no activity

    If you have no activity to report for the period, you can phone our business direct self help service on 13 72 26 to record a 'nil Annual GST return' lodgment. This is an automated telephone service that is available 24 hours a day.

    To use the service you will need your tax file number (TFN) or Australian business number (ABN) and the document identification number (DIN) from the annual GST return.

    Recording voluntary payments made towards your end of year liability

    If you have made voluntary payments towards your end of year liability, we will offset your payments against any GST amount that you need to pay. You do not have to record the amount of these payments on your annual GST return.

    If your voluntary payments are more than you need to pay, you will be refunded any amount that we owe you.

    Returning your annual GST return by the due date

    You must lodge your annual GST return and pay any amounts owing by the date shown on the front of the return.

    This date will be the same date your income tax return is due to be lodged. If you are not required to lodge an income tax return, the due date will be 28 February following the end of the annual tax period.

    Eligibility to continue to report GST annually

    You must assess your eligibility to report GST annually as at 31 July each financial year. You cannot continue to report GST annually if on this date if either:

    • your projected GST turnover is more than the registration turnover threshold, that is
      • $75,000 for small businesses (and all other entities except non-profit organisations)
      • $150,000 for non-profit organisations
       
    • you are required to register for GST for some other reason.
    Attention

     Some businesses are required to register for GST regardless of their GST turnover (for example, taxi drivers and some agents for non residents).

    End of attention

    You must advise us if you are no longer eligible to report GST annually. We will then change your GST reporting cycle to monthly or quarterly with effect from 1 July and send you out the correct activity statements to lodge.

    Working out your projected GST turnover

    To estimate your projected GST turnover as at 31 July you need to add:

    • the total GST-exclusive price of the taxable and GST-free sales you have made or expect to make for the month of July
    • the total GST-exclusive price of the taxable and GST-free sales you expect to make for the next 11 months.

    You should not include sales involving the transfer of ownership of a capital asset.

    Cancelling your annual election?

    If you no longer wish to report GST annually, you can revoke your annual election and report GST quarterly or monthly. You must notify us by 28 October in order to change your reporting requirements for the financial year. If you notify after 28 October, you will remain on annual reporting for the remainder of the year and your election will be revoked from 1 July of the following year.

    Attention

     If you fail to comply with any of your tax obligations your election may be disallowed at any time.

    End of attention

    More information

    How we can help

      Last modified: 21 May 2014QC 18021