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Re: Business transaction shows on bank statement but without tax invoice from supplier

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Initiate

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Replies 2

Hi 

 

If a business transaction (over $82.5) shows on the business bank statement but a client lost the receipt. Would that be fine to put it through as business transaction and claim the gst expenses in the quarterly BAS?

 

Thanks in advance.

 

 

1 ACCEPTED SOLUTION

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Most helpful response

Community Support

Replies 0

Hi @sukileung ,

 

You generally require a tax invoice to claim a GST credit for purchases that cost more than $82.50 (inc GST). If you request an invoice from a supplier they have 28 days to provide it to you. We advise to wait until you receive it before you claim the GST credit, even if it means you claim the credit in a later reporting period.

 

Please refer to When you need a tax invoice for options When a Tax invoice is incomplete or When you don't receive a tax invoice within the 28 days when you've requested from the supplier.

 

I hope this helps,

JasonT

2 REPLIES 2

Champion

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@sukileung No I don't think so be cause it wouldn't have enough detail. 

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Most helpful response

Community Support

Replies 0

Hi @sukileung ,

 

You generally require a tax invoice to claim a GST credit for purchases that cost more than $82.50 (inc GST). If you request an invoice from a supplier they have 28 days to provide it to you. We advise to wait until you receive it before you claim the GST credit, even if it means you claim the credit in a later reporting period.

 

Please refer to When you need a tax invoice for options When a Tax invoice is incomplete or When you don't receive a tax invoice within the 28 days when you've requested from the supplier.

 

I hope this helps,

JasonT