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ATO’s ‘well-meaning’ JobKeeper GST guidance backfires

The ATO’s guidance over the use of a cash or accruals approach to calculating turnover in relation to the JobKeeper scheme has now been revised.

ATO’s ‘well-meaning’ JobKeeper GST guidance backfires
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JobKeeper GST guidance backfires

In an update on Wednesday, the ATO now notes that if a business chooses to use a different GST accounting method from the one it normally uses, the Tax Office may reach out to understand why it has done so.

Read more at the Accountants Daily.

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