Tag: Simpler BAS

On June 9, 2017

Business Information Sheet – Simpler BAS Bookkeeping Guide

What is GST? Goods and services tax (GST) is a broad-based tax of 10% on the value, (i.e. 1/11th of the price), of most goods, services and other items sold or consumed in Australia. There are some transactions that are GST-Free or GST-exempt. Businesses that are registered for GST will: include GST in the price
On June 9, 2017

Business Information Sheet – Simpler BAS from 1 July 2017

The New World of GST Codes – Simpler BAS The ATO has simplified the GST reporting system to make it simpler for a business to conduct its trading with less complexity in applying the GST law. GST or Not Included To trade in Australia a business must: Obtain an ABN. Decide whether to register for