Small businesses only need to report:
G1 Total sales
1A GST on sales
1B GST on purchases
From the GST options, tick Simpler BAS.
Complete Labels G1, 1A and 1B.
Note: Do not use the GST Calculation worksheet
Tax Manager and Elite forms: Create a Simpler BAS
Simpler BAS is the default reporting method for small businesses with a GST turnover of less than $10 million. These entities have less GST information to report on their activity statements.
Updated over a month ago