- The ATO-led Serious Financial Crime Taskforce warns businesses against GST fraud
- Businesses are using complex financial schemes to claim larger GST refunds than they are entitled to
- Illegal activities include false invoicing, misaligned GST accounting methods, duplicating GST credit claims, and using dummy directors
- Deputy Commissioner John Ford emphasizes targeting these dishonest schemes to protect honest businesses and community funding
- Public urged to report suspected GST fraud confidentially online or by phone
- Businesses involved in such activities are encouraged to make voluntary disclosures to potentially reduce penalties
Source: ato.gov.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.
