Goods and services tax (GST) reporting on the business activity statement (BAS) is getting easier for small business.
With Simpler BAS, from 1 July 2017 small businesses will have less GST information to report on their BAS. The only GST information required will be:
- G1 Total sales
- 1A GST on sales
- 1B GST on purchases
For further information please visit ATO’s website.
