Step 5: Summary
The summary appears on the back of your BAS.
1A GST on sales or GST instalment
You report at 1A the total amount of GST (including any adjustments) you are liable to pay us for the reporting period. The amount you report and pay depends on the reporting and paying method you use.
If you are selling a property, and it is subject to GST at settlement where the purchaser has withheld, you are still required to report this property sale in your BAS. The GST on the property sale must be reported at 1A in the BAS period in which settlement occurred, For example: If the property settled on the 5 December, you must report the property transaction in the December BAS.
For margin scheme property sales subject to GST at settlement where the purchaser has withheld, the GST on the calculated margin must be reported at 1A in the BAS.
Monthly, quarterly and annually
If you report and pay GST monthly, or quarterly, or you use the annual reporting method, you must complete 1A on your BAS.
If you have no GST on sales or adjustments for the reporting period, enter ‘0’.
Accounts method
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Calculation worksheet method
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Take the amount to be shown at 1A directly from your records.
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Transfer the amount from G9 on your calculation worksheet.
To do this, you will need to complete additional labels on your calculation worksheet – see Complete your BAS.
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Quarterly instalments
If you report and pay GST quarterly via the instalments method, you must report at 1A your GST instalment amount pre-filled at G21. If you’ve varied this amount, take the figure from G23 and report this amount at 1A.
You must also lodge an annual GST return at the end of the financial year and account for any difference between your total GST instalments for the year and your actual GST liability.
In your annual GST return, you must report the total amount of GST on your sales plus any relevant adjustments at 1A.
Accounts method
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Calculation worksheet method
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When completing the Annual GST return, use the amount from your records.
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When completing the Annual GST return, transfer the amount from G9 on your calculation worksheet.
To do this, complete additional labels on your calculation worksheet – see Complete your BAS.
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See also:
1B GST on purchases
Report at 1B the total amount of GST credits (including adjustments) you are eligible to claim from us. The amount you report depends on the reporting and paying method you use.
Monthly, quarterly and annual reporting methods
If you report and pay GST monthly or quarterly, or use the annual reporting method, you must complete 1B on your BAS.
If you have no GST on purchases or adjustments for the reporting period, enter ‘0’.
Accounts method
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Calculation worksheet method
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Use the amount to be shown at 1B from your records.
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Transfer the amount from G20 on your calculation worksheet.
To do this, you need to complete additional labels on your calculation worksheet see Complete your BAS.
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Quarterly instalments reporting method
You don’t need to complete 1B on your quarterly BAS, but you will need to complete this label on your annual GST return at the end of the financial year.
Accounts method
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Calculation worksheet method
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When completing your Annual GST return, take this amount directly from your records.
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When completing your Annual GST return, transfer the amount from G20 on your calculation worksheet.
To do this, you need to complete additional labels on your calculation worksheet – see Complete your BAS.
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Don't report at 1B:
- The amount that has been withheld at settlement and paid to us by the purchaser. This has been allocated to your GST property credits account. Once your BAS is processed, the GST property credit will be transferred from your GST property credits account into your BAS account.
Step 6: Check
Before lodging your BAS, make sure you have:
- filled in the GST labels that apply to you
- checked your calculations are accurate
- checked you have transferred amounts correctly from your records
- put ‘X’ in the relevant box under G1 to indicate amounts are GST-exclusive or GST-inclusive
- provided your contact phone number.
You may also need to:
- complete any other sections that apply to you and transfer the totals to the summary section
- calculate if you must make a payment or if you are eligible for a refund
- complete the tear-off payment slip on the bottom (if using paper BAS)
- complete the payment or refund details.
You must:
- sign and date your BAS (if using paper BAS)
- lodge your original BAS by the due date
- pay any amounts you owe by the due date.
Record keeping
Keep a copy of your BAS and the records used to prepare it for five years after they are prepared, obtained or the transactions completed, or the period of review, whichever is the later.
The records should be in writing and in English. If they are not in a written they must be in a form that is readily accessible and easily converted into English.
Keep calculation worksheets with your other records used to prepare the BAS.
Special rules
Special rules apply in certain circumstances.
See also:
- GSTR 200/29 Goods and services tax: attributing GST payable, input tax credits and adjustments and particular attribution rules made under section 29-25
Additional instructions
There are several less common transaction types that explain how to complete your BAS if they apply to your circumstances.
Explains what you need to do to complete the goods and services tax (GST) section of your business activity statement (BAS).