Show download pdf controls
  • Calculating GST turnover for JobKeeper Payment

    Where your client chooses to use the GST attribution method to calculate GST turnover for the purpose of determining eligibility for the JobKeeper program, we can confirm the following:

    • If your clients account for GST on a cash basis, they can use either cash or accruals (non-cash) to calculate their GST turnover.
    • If your clients currently use accruals to account for GST we expect in most cases they would continue to use this method. However, if they choose to use the cash basis we may want to understand why the different approach is an appropriate reflection of turnover.

    In both cases, the basis used must be the same for calculating your clients' projected and current GST turnover. Whichever calculation used, your clients will need to keep records to demonstrate the calculation and explain why this method was chosen.

    Check our frequently asked questions for examples to help you and your clients understand how they may calculate their GST turnover for the purposes of enrolling in the JobKeeper Payment scheme.

    See also:

    Last modified: 01 Jun 2020QC 62520