Simpler BAS – Who is Eligible and What’s the Change?
The ATO’s New BAS Lodgment System The ATO is introducing a simpler BAS lodgment system from 1 July 2017. This will apply to small business entities with a GST turnover of less than $10 million. If you are a small business, you will only need to report: Total sales (G1) GST on sales (1A) GST…