Just need guidance regarding Gst paid $41000 this is 10% of customer receipts? So am I correct in thinking this should be cashflow in. However Gst is not shown in any statement of cashflow in the manual so I’m thinking maybe you don’t show Gst in a statement of cashflow as its not actually your money. It’s the ato. Need clarification please
2 years, 2 months agoAdele Raath
The GST paid is cash that you pay over to the ATO after receiving it from customers. This is an outflow of cash and therefore needs to be shown in the Statement of Cash Flows.