How to lodge
To apply for a private ruling about accounting for GST:
- complete and submit a private ruling application form
- provide the supporting information listed below.
Check first whether your question is answered in Choosing an accounting method or GSTR 2000/13 Goods and services tax: accounting on a cash basis. This ruling provides more information on choosing to account on a cash basis and outlines the factors we will consider in determining whether it is appropriate for you to account for GST on a cash basis.
Supporting information
Providing this information up front will reduce delays.
If you've previously given us any of the information listed below, you don't need to resend it.
The information we require for a private ruling about accounting for GST includes:
- your current GST turnover for the past 12 months, including the current month
- your projected GST turnover for the next 12 months, including the current month
- whether you account for income tax purposes using the receipts method
- whether you are an endorsed charitable institution, endorsed trustee of a charitable fund, gift deductible entity or a government school.
Asking to account for GST on a cash basis
You will need to ask us for permission to account for GST on a cash basis if:
- your business has an aggregated turnover of $10 million or more, or
- you are not carrying on a business, but your enterprise's 'GST turnover' is more than $2 million
and
- you do not account for income tax on a cash basis, or
- you are not
- a government school
- an endorsed charitable institution or trustee of an endorsed charitable fund
- a gift-deductible entity (unless it operates a fund, authority or institution that can receive tax-deductible gifts or contributions).
In this case, you should also provide the following information:
- details on the nature and size of your business
- the nature of the accounting system you use.