On 13 July 2023, the ATO released for public consultation a draft replacement for Goods and Services Tax: Correcting GST Errors Determination 2013 which is due to sunset this year.The purpose of the 2013 determination (and once finalised, the draft 2023 determination) is to set out the circumstances and conditions under which a taxpayer can choose to correct an error made in working out their net amount for a previous tax period, by taking it into account in a current GST return (BAS).
Source: taxathand.com
