Change your GST reporting cycle

It is worth considering if you should temporarily change your reporting cycle.

If you report quarterly and you are due for a GST refund, moving to monthly reporting means you can get quicker access to GST refunds you are entitled to. Before you make the change, you should be aware that:

  • you can only change from the start of a quarter; for example, if you request a change in May, the change will take effect from 1 July

  • changing your GST reporting cycle doesn't mean you have to change your PAYG withholding reporting cycle – you can manage this by specifying the roles you are changing

  • once you choose to report and pay GST monthly, you must keep reporting monthly for 12 months before you can elect to revert to quarterly reporting

  • if you're registered for fuel tax credits, and change your GST reporting from quarterly to monthly, you will also need to claim your fuel tax credits monthly

  • if you import and you apply for the deferred GST scheme in May or June, we will backdate this to 1 April 2020 and we will change your reporting cycle to monthly.

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