BAS & GST
BAS preparation, GST registration, and lodgement services. Mandatory registration if turnover is $75,000+ per year.
BAS & GST Services
We handle your Business Activity Statement (BAS) preparation and lodgement, ensuring compliance with ATO GST requirements.
GST Registration Requirements
GST registration is mandatory if:
- Your business has a GST turnover of $75,000 or more per year
- Your non-profit organisation has a GST turnover of $150,000 or more
- You want to claim fuel tax credits (regardless of turnover)
Even if below the threshold, you can voluntarily register for GST.
Understanding GST
- GST Rate: 10% on most goods, services, and items sold in Australia
- GST Credits: Claim back the GST included in the price of business purchases
- BAS Lodgement: Quarterly (or monthly for larger businesses)
- BAS Reports: GST collected, GST credits, PAYG withholding, PAYG instalments
Our BAS & GST Services
- GST registration and de-registration
- Quarterly BAS preparation and lodgement
- Monthly BAS for businesses requiring more frequent reporting
- IAS (Instalment Activity Statement) preparation
- PAYG withholding variation applications
- GST recovery for international businesses
- Annual GST adjustment and reconciliation
Record-Keeping for GST
You must keep records of all sales and purchases for 5 years. Tax invoices are required for purchases of $82.50 or more (including GST) to claim GST credits.