How Do I Claim Back GST?

You can claim the GST back when you lodge your Business Activity Statement (BAS). The exact period you claim it will depend on whether you account for GST on a cash or accruals basis. If your turnover is less than $2,000,000 and you are a small business entity, you may elect to lodge your BAS either monthly, quarterly, or annually.

If your turnover is more than $2,000,000 you must lodge monthly. If you lodge your GST annually, you’ll have to wait up to a year to claim your GST back.