Business Services Industry
How the BAS works.
Australasian Business Intelligence, October, 2001
Oct 29, 2001 (The Age
ABIX via COMTEX) -- There is still confusion about the Australian goods and services tax (GST) business activity statement (BAS). The BAS is done on either a monthly or quarterly basis. At the end of each accounting period, a BAS must be lodged to the Australian Taxation Office by the 21st of the following month or quarter. The BAS is divided into two basic categories. The Australian Labor Party proposes to simplify GST reporting for small businesses with a turnover of less than $A2m should it win government on 10 November 2001. The proposal has been welcomed by CPA Australia. Special advertising feature.
AUSTRALIAN TAXATION OFFICE: AUSTRALIAN LABOR PARTY: CPA AUSTRALIA
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