ABKA133 Understanding GST Assessment 2026 | The Career Academy

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Published: 04 May, 2026

Category	Assignment	Subject	Accounting
University	The Career Academy (Australia)	Module Title	ABKA133 Understanding GST

Academic Year	2026

You can see the related solution of this brief: Accounting Assignment Example

ABKA133 Understanding GST Assessment

Understanding GST

Read through the requirements below, and then complete all parts of the assessment and then save your work as either a Word document or a PDF file. Once you have saved your work, click on the Assessment submission link within this topic and upload your completed assessment to your tutor for marking.

Learning Outcomes

By the end of this assignment, you should be able to:

Identify an overview of GST in Australia.
Recognise the major principles of GST.
Identify when GST registration is required.
Recognise the obligations a business has once they are registered for GST.
Identify the components of a valid sales invoice.
Identify what the term attribution means and how this affects the GST returned to the ATO.
Compare and contrast the cash basis and accrual basis for reporting GST.
Calculate the GST on a product or service.
Complete a basic BAS return.

Cash Basis	Accrual Basis
Definition	Definition
Account for GST on the business activity statement that covers the period in which you receive or make payments for your sales and purchases	Account for GST on the business activity statement that covers the period in which you issued the tax invoice or received any payment for a sale, received the invoice from your supplier or made any payment for a purchase.
Advantages	Advantages
You account for GST in the taxable period in which you make or receive payments.	You claim GST when you receive/issue an invoice or receive/make payments, whichever comes first.
• You only pay GST to the ATO after you've received payment from your customers, and you only claim GST for the purchases and expenses you've paid for.	• You may claim GST on purchases and expenses before making payment to suppliers, except for second-hand goods.
• Money flowing through the business is better aligned with your activity statement liabilities, so it's easier to manage your cash flow.
Disadvantages	Disadvantages
You may only claim GST on purchases and expenses after making payment to suppliers.

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