1B — GST on purchases¶

Definition. 1B is the box on your activity statement where you report the total GST included in your purchases for the period that you are entitled to claim back — your GST credits.

In plain English¶

When you buy things for your business and pay GST, you can often claim that GST back. The ATO explains that 1B is where you add up the GST credits you are entitled to for the period and write in the total. It usually reduces what you owe, because it is subtracted from the GST you collected at 1A.

Related lessons¶

• 1B — GST on purchases

General information only — not tax, super or financial advice.