• Lodging your annual return

    You use an annual GST return to account for any difference between your:

    • GST liability, plus any wine equalisation tax or luxury car tax you may have to pay or can claim
    • total GST instalments for the year.

    If your total instalments are:

    • more than your GST liability, plus any wine equalisation tax or luxury car tax for the year, you can claim a refund from us
    • less than your GST liability, plus any wine equalisation tax or luxury car tax – you must pay the difference to us by the time your annual GST return is due.

    You must lodge your annual GST return and make any balancing payment by the date your income tax return is due. If you're not required to lodge an income tax return, you must lodge your annual GST return and make any balancing payment by 28 February after the end of the financial year covered by the annual return.

    In your annual GST return you report:

    • GST on sales and on purchases (labels 1A and 1B)
    • GST on sales (label 1A)
    • GST on purchases (label 1B)
    • total sales G1, exports G2
    • other GST-free sales G3
    • capital G10 and non-capital purchases G11.

    If you are paying or claiming wine equalisation tax or luxury car tax, you also report these amounts for the year at labels 1C, 1D, 1E and 1F. Fuel tax credits are reported each quarter.

    See also:

      Last modified: 29 May 2017QC 16380