You must complete a BAS for the tax period your registration cancellation 'date of effect' occurs in.
You must report all the following information:
- all sales, purchases and importations made in your final tax period, including
- the sale of the business
- the sale of any of the business's assets
- adjustments for any assets held after cancellation
- any other adjustments.
Find out how to make an adjustment on your BAS.
If you operate on a cash basis, you will need to record all the sales and purchases that still need to be attributed from a previous tax period.
You also need to:
- lodge any outstanding BASs
- account for any outstanding GST amounts.
If you still have PAYG withholding, PAYG instalments or fringe benefits tax obligations, continue to report these obligations to us on an instalment activity statement.