Ignoring how much GST may be an outstanding debt to the ATO, the ATO recently reported that for the 2009/10 year there was a 5.4% GAP between what statistics say should have been collected and paid as GST and what was actually reported to them.
2011/2012 GST Performance Report
The ATO 2011-12 performance in relation to GST is in!
$46b GST (up from $44b in 09-10)
GST Debt outstanding
- Balance of $5.1b of which only $3.5b is collectable ($4.3b & $3.2b respectively 09-10)
- $886.8m written off
- Ageing of balance by no of cases 13,059 totalling $191.7m90days
Interest paid on Delayed refunds (ATO withheld and then had to pay interest) $15.7m ($9.7m)
For a full report http://ato.gov.au/content/00336240.htm
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