Saturday, 24th June 2017
8:10:pm in Sydney
24
May
2005

The Inspector-General of Taxation has released a report into the administration of GST refunds arising from the lodgment of Business Activity Statements

Tuesday, 24 May 2005

The Inspector-General of Taxation has released a report into the Australian Taxation Office's administration of GST refunds arising from the lodgment of Business Activity Statements. The report notes that during the 2003-2004 tax year, 4.3% of all Business Activity Statement refunds were stopped for manual checking. These stopped refunds amounted to approximately AUD$20 billion and represent about 90% of the total value of Business Activity Statement refunds claimed. The full text of the Inspector-General's report, including his key recommendations, can be found at the following link: www.igt.gov.au

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