GST refund but not paying invoice
Hello, I'm on accrual basis on which I have submitted some invoices in my last BAS. Those invoices were not paid and I presume the subcontractors are on cash basis. I do not think we will be a...
Forum Discussion
Hi Micky8,
In your next reporting period, if it we me, I would generate a negative Purchase invoice for the $7 I do not intend to pay the contractor, and apply that to close the original invoice. The negative GST will flow through to my next BAS and I will effectively pay the GST back in my next BAS.
Regards
Gavin
gavinw222@gmail.com
