Lodging your business activity statement

January 7, 2021 10:04 am | Published by | Categorised in:

Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and payment of:

  • Goods and services tax (GST)
  • Pay as you go (PAYG) instalments
  • PAYG withholding tax
  • Other tax obligations

ATO will automatically send businesses who are registered for an ABN and GST a BAS when it is due for lodgement.

Businesses are given various options to lodge their BAS:

  • Online services for individuals and sole traders – which may be accessed through myGov
  • Business Portal – which is a secure website created by the ATO to assist businesses in managing their tax online
  • SBR-enabled software – which allows access to lodgement from different financial, accounting and payroll software and can be integrated to industry-specific business software.