Introduction to BAS
Business Activity Statement (BAS)
If a Business Entity is Registered for GST, then you need to lodge BAS
BAS help you to Report and Pay
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Good and Service Tax
-
PAYG Instalments
-
PAYG Withheld
-
FBT Instalment
-
Other Taxes
|
Who to Lodge BAS?
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Period
|
|
GST Turnover is Less than $ 75000
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Annually
|
|
Not For Profit Bodies Less than $ 150000
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Annually
|
|
GST Turnover More than $ 75000 But less than $ 20 Million
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Quarterly
|
|
GST Turnover More than or Equal to $20 Million
|
Monthly
|
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No Sale During the period still need to lodge BAS as Nil
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Nothing to Report (Nil, BAS)
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When to Lodge BAS?
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Type
|
Period
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Due Date
|
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Quarterly BAS
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July, August, September
|
28th October
|
|
October, November, December
|
28th February
|
|
January, February, and March
|
28th April
|
|
April, May, and June
|
28th July
|
|
Monthly BAS
|
|
21st day of the Following Month
|
|
Annually BAS
|
If required to Lodge Tax Return
|
31st October
|
|
If Not Required to Lodge Tax Return
|
28th February
|
|
BAS Report
|
As per BAS
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As Per Xero
|
|
GST on Sales
|
XXX
|
XXX
|
|
GST on Purchase
|
(XXX)
|
(XXX)
|
|
PAYG Withheld
|
XXX
|
XXX
|
|
PAYG Instalment
|
XXX
|
XXX
|
|
FBT Instalment
|
XXX
|
XXX
|
|
Amount Owing to ATO
|
XXX
|
XXX
|
|
Total Sales (Net Sales + GST)
|
XXX
|
XXX
|
