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  • Simpler BAS

    From 1 July 2017 existing BAS form types A – Z will be tailored to provide the GST labels for the relevant GST reporting method; full reporting, Simpler BAS or instalments.

    Simpler BAS reduces the amount of information needed for activity statements, to simplify GST bookkeeping and reporting for small businesses and makes it easier for you to classify your clients' transactions and lodge their BAS.

    Lodgment of Simpler BAS for clients with a GST turnover of less than $10 million only requires you to complete labels G1, 1A and 1B.

    Lodgment of quarterly activity statements and instalment notices for clients with instalments will not change. Their Annual GST Return will only require labels G1, 1A, 1B and 1H.

    Lodgment of an activity statement with full reporting for clients with a GST turnover of $10m or more requires you to complete labels G1, G2, G3, G10, G11, 1A and 1B.

    Your client can also elect GST full reporting method if either:

    • their GST turnover is less than $10 million but they have an aggregated turnover greater than $10 million (for the previous year or the current year)
    • they make input taxed supplies as their main business or enterprise activity.

    Simpler BAS does not affect how other taxes are reported (for example, PAYG instalments or PAYG tax withheld).

    Your client's GST reporting methods will automatically roll over each financial year. To update GST reporting methods you can call 13 72 86 FKC 1 1 3.

    Find out more:

    Last modified: 21 Sep 2018QC 49409