The Deferred GST scheme is an option available to importers who report GST on a monthly basis and deal electronically with the Australian Taxation Office (ATO) and Customs. This liability amount shou...
Updated 9 years ago
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Referring to executing step 3, the deferred GST would be included in your BAS worksheet at G11 (GST the ATO owes me). On my electronic acitivity statement, this deferred amount is prefilled by the ATO as well, and I need to add it at 7A on the BAS worksheet (becomes GST owed to the ATO).
It would be good to know if these transactions are correct if I follow task 3, 4 & 5, as the notes does not refer to the prefilled section (and GST Deferred on imported goods 7A)? Thank you.