Simpler BAS

ATO has simplified GST reporting for small business by reducing the amount of GST information required in business activity statements (BAS). From 1 July 2017, eligible small businesses will automatically transfer to Simpler BAS. With Simpler BAS, you only need to report the following GST information: G1 Total sales 1A GST on sales 1B GST on purchases 1H GST instalments (for your instalment clients).   There are no changes…

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