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  • When to account for GST

    Where there is an amount of GST to be shown at 1A on the activity statement and you account for GST on a non-cash (accruals) basis, you account for any GST payable in the reporting period in which you first:

    • receive any part of the payment for the sale
    • issue an invoice for the sale.

    If you account for GST on a cash basis, account for any GST to be shown at 1A in the reporting period in which you receive payment, and to the extent of the payment, for the sale.

      Last modified: 25 May 2017QC 17481