Hmm good question and smart way to try validate the accounting.
Positive inference:
Gst is input less output, so will be substantially less than straight 10% of sales.
Negative:
Accrual basis uses invoiced amounts not collections in a period. But since BIG has such a large collection, it stands to reason that its been invoiced in the current or prior period. So we should see large GST paid now or in prior period when invoices were raised.
Also, since we are at about ~40% margins there wouldn’t be that much expenses (prepaid or otherwise) to substantially reduce GST liability.
Question is which scenario is closer to reported GST?
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Held