Accounting GST

Question 1

GST received

Answer 1

When a business charges its customer GST

Question 2

GST paid

Answer 2

Business has been charged by GAST by its own suppliers

Question 3

GST Receivable

Answer 3

GST owed to the business by the ATO when the amount of GST the business has paid to its suppliers is greater than the GST it has been received from customers

Question 4

GST Payable