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Commonwealth Bureau of Census and Sutistics, MELBOURNE.OFFICIAL STATISTICS. COMMONWEALTH OF AUSTRALIA.QUARTERLY SUMMARY OFAustralian Statistics Bulletin No. 87. March, 1922.PREPARED LNDER INSTRUCTIONS
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Gather all relevant financial information for the quarter.
02
Log in to the Australian government's reporting portal.
03
Select the option to fill out the quarterly summary form.
04
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The quarterly summary of Australian is a report submitted by businesses to the Australian Taxation Office (ATO) that outlines their GST (Goods and Services Tax) activity for the quarter.
Businesses that are registered for GST and either meet the turnover threshold or opt for quarterly reporting are required to file a quarterly summary.
To fill out the quarterly summary, businesses must gather their sales and purchases data for the quarter, calculate GST collected and paid, and complete the form with correct figures as per ATO guidelines.
The purpose of the quarterly summary is to report GST obligations and entitlements, ensuring compliance with tax laws and helping the ATO track tax liabilities.
The quarterly summary must include total sales, total purchases, GST collected, GST paid, and adjustments or corrections for the quarter.
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