If you are a new small business, you can start using the simpler BAS ahead of the full implementation date of 1 July 2017.
To start reporting GST using the simpler BAS, you need to have:
- Started your business and registered for GST on or after 19 January 2017
- An annual turnover of less than $2 million.
With the simpler BAS, you only need to report:
- GST on sales
- GST on purchases
- Total sales
Visit Simpler BAS at the ATO to see how this works.