The ATO has notified taxpayers that, from 19 January 2017, newly registered small businesses have the option to report less GST information on their business activity statement (BAS)

.Therefore, if you plan to register for GST after receiving this Update, we can help you access the reporting benefits of the simpler BAS early.

EditorFrom 1 July 2017, small businesses generally will only need to report GST on sales, GST on purchases, and Total sales on their BAS.

 

 

**Disclaimer: The information is sourced through NTAA**

For tax help, please call Hart Partners today: 
Phone (03)9600 3220 Mobile: 0413 222 922 Fax (03) 9376 3507 
or email us [email protected]

Please Note:

Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu