BAS (Business Activity Statement)

If you are registered for GST the purpose of the BAS (Business Activity Statement) is to ensure that the money you collect for the Australian Government is paid to the Federal government on a regular basis.

Upon registration for GST you are collecting (consumption) taxes for the Australian Taxation Office (ATO) and those taxes are not yours to keep but need to be paid to the Australian government.

When you invoice a customer for $100 you will need to pay 10% of that to the ATO but if you pay $100 in expenses you can claim that 10% back

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Showing all 11 results