Prepare activity statement - goods and services tax (GST)
These fields only display if you have a GST obligation for this activity statement.
Depending on your tax periods, annual turnover and previous reporting method, your GST reporting will be one of the following:
- Simpler BAS - if your annual turnover is less than $10 million (only available for periods from July 1, 2017).
- Full reporting (calculate and report GST monthly/quarterly).
- GST instalments - if you have previously elected GST instalments option you will automatically continue to report by instalments.
- Estimate and pay GST quarterly and report annually (only available for periods prior to July 1, 2017).
- If you have an estimated annual turnover of less than $10 million and have been defaulted to simpler BAS you may be eligible to pay GST by instalments. You will need to make this request when you first become eligible or in the first quarter of the financial year. If you are eligible and wish to request this option, contact us.
For information on completing this section, select from the options below:
General information
For more information, refer to:
The
GST accounting method (cash or non-cash) displayed on the View goods and
services tax details screen may not reflect the actual accounting method being
applied.
The
accounting method displayed on the activity statement is the actual accounting
method being applied.
Simpler BAS
If you have an estimated annual turnover of less than $10 million your GST reporting will default to simpler BAS for periods from 1 July 2017. This means you will only be required to report total sales, GST on sales, and GST on purchases.
If you have been defaulted to simpler BAS, you may be eligible to pay GST in instalments. You will need to make this request when you first become eligible or in the first quarter of the financial year. If you are eligible and want to request this option, contact us.
Select the links below for more information on each GST simpler BAS reporting label:
Full reporting
If you have an estimated annual turnover of $10 million or more, your GST reporting will default to full reporting.
For periods prior to July 1, 2017, full reporting is an option for quarterly lodgers and mandatory for monthly lodgers.
Select the links below for more information on each GST full reporting label:
GST instalments
If you previously elected GST instalments and are still eligible you will automatically default to this option for tax periods from 1 July 2017. If you have not been defaulted to this option and you meet the criteria, you can contact us to elect to pay GST in instalments.
The instalment amount displayed is calculated by the ATO based on previous amounts reported by you.
If the amount is correct
If you agree that this amount is correct, select the:
- Save and continue button (if you have other tax reporting obligations)
- Continue button (if you only have instalments to report).
The amount will be transferred to 1A on the activity statement.
If the amount is not correct
You can vary your instalment if you think that using the amount provided means you will pay more (or less) than your expected tax for the income year.
To do this:
- enter your new annual estimate at G22 (see Calculate your varied instalment amount)
- enter the varied amount payable for the quarter at G23
- choose a reason for variation at G24
- select the
- Save and continue button (if you have other tax reporting obligations), or
- check the declaration box and select the submit button (if you only have instalments to report and are ready to submit the instalment notice).
Variations to the instalment amount must be completed by the lodgment due date.
Do not include any decimal point or cent amounts - round this value down to the nearest whole dollar amount. For example, instead of entering $124.75 you would enter $124 only.
Select the links below for more information on each GST instalment label:
Refund of overpaid GST
If you pay GST instalments and they exceed your actual GST liability for the financial year you will receive a refund of the overpaid amount after you lodge your annual GST return, provided you do not have any other outstanding tax debts or activity statements.
Choose a reporting option
For periods prior to 1 July 2017 quarterly reporters will need to select from the reporting options presented.
Click on the links below for information on each option:
Calculate GST quarterly and report annually
Select the links below for more information on each GST reporting label:
Interactive GST calculation worksheet for the BAS
This interactive worksheet allows you to work out GST amounts for your BAS. Once completed, you can save a digital copy to your computer or print it using the buttons at the top. Select the 'Reset form' button at the bottom to clear any populated amounts and start again.
Download the GST calculation worksheet for BAS (PDF 146KB)This link will download a file.This link will download a file
Select the links below for more information on each label in the worksheet:
Screen buttons
Accept and pay
Selecting Accept and pay accepts the quarterly GST instalment amount worked out by us.
Vary instalment
Selecting Vary instalment allows you to vary the GST instalment amount or rate.
Cancel
Selecting Cancel returns you to the Activity statement list screen. If you choose this option all of the data you have entered will be lost.
Save and exit
Saves the details you have entered for this activity statement. The Activity Statement save was successful screen will be displayed.
Save and continue
Selecting Save and continue will save the details you have entered for this activity statement and returns you to the Prepare activity statement screen.
Continue
Acknowledges that you accept the details on the instalment notice and finalises without any changes.
Submit
Ticking the declaration box and selecting the Submit button will lodge your form.