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What is the difference between GST Credits and GST a business owes to the Australian Taxation Office?

Australia Australian Business Credits difference Finance GST owes Taxation taxes
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What is the difference between GST Credits and GST a business owes to the Australian Taxation Office?

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A GST Credit is what the ATO owes you; what you paid in GST on suppllies GST Owed is GST you collected on sales.

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