The Business Activity Statement (BAS)

When is my BAS Statement Due?

Quarterly Bas's are due for lodgement and payment on the following dates:

July to October Quarter October 28th November to December Quarter February 28th January to March Quarter April 28th April to June Quarter July 28th

Monthly Lodgements and Payments are due the 21st of the following month. ie July Statement is due August 21st

Late lodgement of a Business Activity Statement will incur a penalty and late payments icur a Interest charge called a GIC Charge. These penalties are handed down by the ATO.

Methods of Reporting

2. Accruals - Based on Customer invoices produced but may not necessarily have received payment, and GST Inputs are based on supplier invoices received into the business, but not necessarily paid for.

How can my BAS be lodged?

2. ATO Business Portal - Register to lodge online through the ATO Website. A reminder is sent to you that your BAS is due for lodgement. Login and enter figures online. Payment can be made via BPAY, Cheque or at Post Office. To register go to ATO Business Page Under Online Services on the right hand side you will see a link to register for the Business Portal.

3. Accountant - Your Tax Agent lodges your Business Activity Statement on your behalf.

For more information on Business Activity Statements go to ATO Business Activity Essentials. Here you will find FAQ and Sample Activity Statements