Institute of Certified Bookkeepers
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April 2018 Question of the Month – Paying GST when deregistered

  • 127 posts
  • # 116642

A client was deregistered from GST – still trading as sole trader; just GNR.

Late payment for some sales invoices was received, but he wasn't expecting to get paid so it wasn't recorded previously (so not paid to the ATO) and he was about to write it off.

Now the money has come through, how does he pay the GST component to the ATO?

  • 127 posts
  • # 116800

Client is required to ring ATO to activate GST registration and pay the outstanding GST via next BAS.

After all is paid, de-register GST gain

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