Suitable for: Anyone registered for GST

Tax Difficulty: Beginners

Airtax Experience: First-time users

Time to read: 1-2 minutes

Claiming a GST credit

To claim a GST credit for a purchase, you must hold a tax invoice for purchases greater than $82.50 (inc. GST). The tax invoice should include the following information:

• The seller's identity and ABN.
• The date the tax invoice was issued.
• A brief description of the items sold, including the quantity (if applicable) and the price.
• The GST amount (if any) payable – this can be shown separately or, if the GST amount is exactly one-eleventh of the total price, as a statement such as 'Total price includes GST'. If the purchase costs more than $1,000, your identity or ABN should be on the invoice too.

For smaller purchases, less than $82.50, you don’t need a tax invoice but you should keep one of the following records as proof:

• A tax invoice;
• A cash register docket;
• A receipt or invoice; or
• If you can't get one of the above, you should keep a record of the purchase (e.g. diary entry) including the following information:
  • Name and ABN of the supplier;
  • Date of purchase;
  • Description of items purchased; and
  • Amount paid.

You generally need to keep tax invoices and other documents supporting your GST credit claims for 5 years.

Got a Question?

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This document merely provides a broad outline of the subject and is necessarily general in nature.  If you require specific advice, which is tailored to your specific circumstances, please do not hesitate to contact us (fees would apply).

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