• Quarterly GST reporting

    If your GST turnover is less than $20 million and we have not told you to report GST monthly, you can report and pay GST quarterly.

    If you report and pay quarterly, you have three reporting options:

    1. Calculate and report GST quarterly

    2. Calculate GST quarterly and report annually

    3. Pay GST instalment quarterly and report annually.

    If your business has a GST turnover of $20 million or more, see:

    1 Calculate and report GST quarterly

    This option allows you to calculate, report and pay your actual GST amounts quarterly.

    You can use either the accounts method or the calculation worksheet method to work out your GST amounts.

    See also:

    What you need to report

    You must report amounts at the following labels on your activity statement:

    • total sales (G1)
    • export sales (G2)
    • other GST-free sales (G3)
    • capital purchases (G10)
    • non-capital purchases (G11)
    • GST on sales (1A)
    • GST on purchases (1B).

    If you have a WET or LCT liability or entitlement, you must also report these amounts each quarter (labels 1C, 1D, 1E and 1F).

    These labels are shown on your business activity statement (BAS) if you have these obligations.

    2 Calculate GST quarterly and report annually

    This option allows you to report less information on your quarterly BAS, but still calculate and pay your actual GST amounts quarterly.

    You can use either the accounts method or the calculation worksheet method to work out your GST amounts.

    What you need to report

    You must report amounts at the following labels on your quarterly activity statement:

    • total sales (G1)
    • GST on sales (1A)
    • GST on purchases (1B).

    If you have WET or LCT obligations, you must also report these amounts each quarter (labels 1C, 1D, 1E or 1F).

    You must also complete an Annual GST information report to report annual amounts at the following labels:

    • export sales (G2)
    • other GST-free sales (G3)
    • capital purchases (G10)
    • non-capital purchases (G11).

    You must lodge your Annual GST information report, which will be mailed to you, by the date your income tax return is due.

    If you are not required to lodge an income tax return, you must lodge the report by 28 February following the financial year that the report or return covers.

    You must lodge your Annual GST information report using the paper based form, even if you choose to lodge your quarterly activity statements electronically.

    3 Pay GST instalments quarterly and report annually

    This option is available to all businesses with a turnover of $2 million or less.

    If you elect this option you pay a quarterly GST instalment that we work out (you can vary it) and report your actual GST information annually on an Annual GST return.

    What you need to report

    You must report amounts at the following labels on your Annual GST return:

    • total sales (G1)
    • export sales (G2)
    • other GST-free sales (G3)
    • capital purchases (G10)
    • non-capital purchases (G11)
    • GST on sales (1A)
    • GST on purchases (1B).

    If you have WET or LCT obligations, you must also report these amounts on your Annual GST return (labels 1C, 1D, 1E or 1F). These labels are shown on your annual return if you have these obligations.

    You use your annual GST return to account for any difference between your actual GST liability and the total of your GST instalments for the year. You show the total amount of GST instalments that were payable for the year at label 1H of your Annual GST return.

    If the total instalments are more than your actual GST liability for the year, you claim a refund from us. If your total instalments are less than your actual GST liability, you must pay the difference to us by the time your Annual GST return is due.

    Under option 3, any refund you may be entitled to is paid after you lodge your Annual GST return for the year, not after each quarter of that financial year.

    See also:

    Lodgment and payment dates

    The following table provides a summary of the payment and lodgment dates for businesses that report or pay GST quarterly.

    Quarter

    Payment and lodgment date

    September quarter

    28 October

    December quarter

    28 February

    March quarter

    28 April

    June quarter

    28 July

    If you have chosen to pay by instalments, your instalments are also due on the dates shown above.

    If you are a primary producer or a special professional who pays only two GST instalments for the year, your instalments are due on 28 April and 28 July.

    If the due date falls on a weekend or a public holiday, you have until the next business day to report and pay.

    If you choose options 2 or 3, your Annual GST information report or Annual GST return will be due on the same date your income tax return is due. If you are not required to lodge an income tax return, your GST report or return will be due by 28 February following the financial year the report or return covers.

    How to switch quarterly reporting options

    If you report using either option 1 or 2 and would like to switch:

    • between these two reporting options, you can notify us by selecting the appropriate option on the activity statement you lodge.
    • to option 3 (or vice versa) and you want your change to take effect immediately (that is, for that financial year), you must notify us by 28 October of that financial year (or by the concessional lodgment due date for your September quarter activity statement if you lodge it through a registered agent) . If you don’t notify us by this date, you must stay with your current reporting option for the rest of that financial year.

    If you want to switch from or to option 3, there are two ways of notifying us – depending on what reporting document you receive from us for the 1 July to 30 September reporting period. If you receive:

    • an activity statement, you can advise us by selecting the appropriate reporting option on that quarter's activity statement
    • a quarterly GST instalment notice instead of an activity statement, you will need to contact us.

    Your election will take effect from 1 July (that is, the start of the quarter covered by the activity statement) if we receive your notification by 28 October of that financial year (or by the concessional due date, if you lodge your September quarter activity statement through a registered agent).

    You may request in writing that your election take effect from the start of an earlier tax period, however, we will only approve your request under exceptional circumstances.

    Last modified: 16 Sep 2015QC 16229