A Business Activity Statement (BAS) is a form that businesses must submit to the Australian Taxation Office (ATO) in order to report and pay their tax liabilities. A large part of BAS is related to GST.
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When you complete a BAS form you are essentially reporting the goods and services tax amount you’ve collected on your sales minus any that you’ve paid on your purchases, with the difference being your refund or what you owe to the ATO.
Your BAS can also include PAYG withholding and instalments, wine equalisation tax, fuel tax credit and fringe benefit tax if these apply to your business.