- Entities with over $20 million GST turnover must report monthly and lodge activity statements electronically
- ATO will still send paper activity statements, but entities must switch to electronic reporting
- Entities can report electronically through the business portal or register for an AUSkey
- Entities can also use standard business reporting to securely send forms online
- Organizations under $20 million turnover do not need to change their reporting method
- Failure to switch to electronic reporting or pay GST liabilities may result in a penalty of up to $850 per event.
Source: makdap.com.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
