We pay a deposit for goods that aren't received until some months later. This deposit makes up a percentage of the final invoiced amount (generally 30%). Is the GST claimable in the BAS for the quarter it is paid in (because it will make up part of the sale) or not until the goods are received (which is when the Tax Invoice usually arrives)?
I'm finding conflicting information because deposits and prepayments seem to be dealt with differently and I'm not 100% sure which you would call this.
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