How to correct GST
Dear All, I have recorded a reimbursed payment of $25.95 for an employee's flu shot in May. However, I mistakenly included GST of $2.36, even though this payment should not have GST applied. Fortuna...
Forum Discussion
Ianinfinance Princess_R Julie_A_C
Ian,
For future reference.
I understand the ATO allows up to 5 years to claim a GST Credit (or make minor adjustment).
This is done in the current BAS.
A revised BAS is then not lodged.
Have a look at the ATO website for the upper limit of Adjustments in a current BAS.
Duncan
