• Making adjustments on your activity statement

    You may have to make changes on your current activity statement to increase or decrease the amount of GST you must pay for a reporting period. These changes are known as 'adjustments'.

    There are two types of adjustments:

    • increasing adjustments, which increase how much GST you must pay for a reporting period
    • decreasing adjustments, which decrease how much GST you must pay for a reporting period.

    Making GST adjustments is different from correcting GST errors made on an earlier activity statement. A GST adjustment relates to a reported sale or purchase that was correct at the time of lodgment, whereas a GST error relates to an amount that was incorrect at the time of lodgment.

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      Last modified: 30 May 2017QC 17537