Learning Objectives:

• What are some of the compliance tips for a GST-registered business? 
• What is the purpose of a GST Assisted Self-help Kit?
On this page:

Compliance Tips for a GST-Registered Business

Learn about practical compliance tips and how the GST Assisted Self-help Kit can help review the accuracy of GST submissions.

Learning Activity - Test Your Understanding

Q1. Which of the following are good practices to ensure accurate GST reporting?

i. Staff who are new to GST reporting are sent for GST training
ii. Business and accounting records are kept manually and in a timely manner
iii. A second level of review is conducted before the GST return is submitted
iv. Staff who prepare the GST return have adequate GST knowledge and know about GST filing and payment procedures

A) (i) and (ii)

B) (iii) and (iv)

C) (i), (iii) and (iv)

D) (i), (ii), (iii) and (iv)
Click for the answer

C) (i), (iii) and (iv)

For point (ii), businesses are encouraged to adopt good record-keeping practices such as maintaining electronic records including correspondences for easy storage and retrieval.

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