GST Late Claim

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Kooch
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Kooch
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GST Late Claim

GST was claimed on a transaction in error and included in the GST return.

 

After filing the return, the error was discovered.

 

If these transactions are amended, will they adjust themselves and appear in the next GST period, as late claims?

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Ultimate Partner jenniek
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jenniek
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Re: GST Late Claim

Hi @Kooch

You will need to reverse and reprocess the transaction correctly in the next GST period for the difference to be included in the next GST return. If you amend the origianl transaction, it will change the GST return for that period - which you have already lodged.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
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