• Identify your accounting basis

    The amounts you report on your activity statement will depend on the accounting basis you have chosen to use (or are required or allowed to use).

    Accounting on a cash basis

    If you account for GST using a cash basis, you must include your amounts of GST, GST credits, sales, purchases and importations in the activity statement for the reporting period in which you received or provided payment or part payment in relation to those amounts.

    These may not be the full amount of the sale or purchase price.

    Special rules apply in some circumstances.

    See also:

    Accounting on a non-cash basis (accruals)

    If you are using a non-cash (accruals) basis of accounting for GST, you must include amounts of GST, GST credits, sales, purchases and importations in the earlier reporting period in which you have:

    • received or provided any of the payment in relation to those amounts
    • issued or have been issued with an invoice in relation to those amounts.

    Special rules apply in some circumstances.

    You claim GST credits on importations in the same reporting period that you pay the GST to Customs, unless you are using the deferred GST scheme – refer to Easy steps to the deferred GST scheme.

    See also:

      Last modified: 30 Jun 2017QC 17458