GST refund mess
Delays in GST refunds may cause some businesses problems with their cash flow. According to tax advisers the ATO is yet to pay out GST refunds which are now already a month overdue. Second Business Activity Statements are already being lodged with refunds from the first round still delayed leaving many companies out of pocket. As a result, many are concerned about the possible problems and confusion that could arise when small businesses lodge their first quarterly GST return on October 1.