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  • Made a misteak on your BAS?


    14 July 2021

    Made a 'mistake' on your business activity statement (BAS)? Don't worry, most mistakes (like the one in the title of this article!) are easy to fix.

    A mistake is an amount that was incorrect when you lodged. For example:

    • clerical or transposition errors
    • classifying a GST-free sale or purchase as taxable
    • classifying a taxable sale or purchase as GST-free
    • double-counting some of your purchases.

    If you've made a mistake, you can fix it on your next BAS or revise the original.

    Sometimes, a sale or purchase that was reported correctly at the time of lodgment may change later. For example:

    • the price changes
    • the goods are returned and the sale is cancelled.

    In this case, you'll need to make an adjustment which is generally reported in the BAS for your current reporting period. It's easy to fix a mistake or make an adjustment in Online services for business; sole traders can use ATO Online accessed through myGov.

    Don't forget, if you lodge your own quarterly BAS, it's due 28 July.

    Remember, registered tax agents and BAS agents can help you with your tax.

    Next steps:

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