Published on Feb 21, 2017

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Are you a new business registering for GST? If so, you can choose the simpler BAS option.


The ATO are offering new small businesses a simplified version of BAS.


Some small businesses can start using this new BAS now, ahead of the full implementation of July 1st 2017.


To start reporting GST using the simpler BAS, you need to have:

  • Started your business and registered for GST on or after 19 January 2017.
  • An annual turnover of less than $2 million.


After listening to small businesses in Australia the ATO have simplified BAS reporting requirements.


With the simplified BAS you just need to report:

  • GST on sales
  • GST on purchases
  • Total sales


There will also be only two GST codes – either ‘GST’, or ‘No GST’. This new BAS structure will simplify account setup, bookkeeping and BAS preparation lodgement.


The ATO are encouraging new small businesses registering after 19 January 2017 to participate in the initial roll-out of the simplified BAS when registering your business with GST via the Business Portal.


In order to find out more about this offer, see Simpler BAS to find out how to take advantage of this offer visit the ATO’s web page: ATO Simpler BAS.


Registering for GST


New small business owners need to acquaint themselves with their GST obligations to ensure they know when they should and shouldn’t be charging GST.


You need to be registered for GST if you have a GST turnover of $75,000, or if you provide taxi travel including ride-sourcing.


If you are registered for GST you need to:

  • Work out whether your sales are taxable
  • Issue tax invoices which include GST in the price you charge for your goods and services.
  • Claim credits for the GST included in the prices of goods and services that you purchase for you business.
  • Lodge Activity Statements with the ATO.


For more information on GST go to ATO How GST Works.