Understanding GST laws and regulations, such as eligibility for registration, taxable transactions, and GST rates, helps ensure compliance and minimise liability.
Engaging Griffin Hancock & Moffitt to provide expertise and ensure accurate and timely BAS preparation and lodgement with the ATO eliminates the pressures on clients to uphold these regular obligations.
With the use of third party software providers we will assist clients to accurately track GST-relevant transactions and keep records, such as sales invoices and purchase receipts, helping ensure accuracy in BAS preparation and avoid errors.
Knowing which transactions are taxable and which are not, such as exempt supplies or input-taxed supplies, helps ensure correct application of GST to transactions.