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What three quarterly GST reporting options are available?

April 26, 2017GST Options quarterly

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What three quarterly GST reporting options are available?

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Option 1 – Calculate GST and report quarterly – is available to businesses with a turnover of less than $20 million. Option 2 – Calculate GST quarterly and report annually – is available to all businesses with a turnover of less than $20 million. Option 3 – Pay a GST instalment amount – is available to businesses with a turnover of less than $2 million.