• Option 1: to calculate GST and report quarterly (or monthly)

    If Andrew uses option 1, he needs to report and pay (or claim) his actual GST amounts each quarter. He uses the calculation worksheet method to work out his GST amounts.

    Using the information in his records for the quarter, Andrew fills in his calculation worksheet as follows.

    GST calculation worksheet for BAS

    Calculate GST and report quarterly (or monthly)

    Andrew would also fill in labels for any other obligations he has. These may include pay as you go (PAYG) instalments and PAYG withholding obligations. These amounts would also be recorded in the summary, and would result in a payment or refund.

    If Andrew only had GST obligations, he would complete the 'Payment or refund?' section as follows.

    Calculate GST and report quarterly (or monthly)

    After filling in his activity statement, Andrew lodges it and pays $765 by the due date. He does not lodge his calculation worksheet but keeps it with his records.

    Andrew repeats the above steps for each quarter.

      Last modified: 20 May 2014QC 19057