BAS

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Experienced Cover User vikandgra
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BAS

I am going on holidays 29th June to the 26th July. We report BAS monthly and I want to do June BAS ON THE 28th June. Will this be a problem if there are payments received or purchases with our bank ac on the last days of June or can I include them in July?
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Ultimate Partner ronatbas
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Re: BAS

@vikandgra

 

The ATO have an expectation that you reconcile your GST and PAYG at least once a year. This means that your submission for the last month is what is on the file as at 30/6  for the whole year minus what has already been reported. This is not done using BASLink.

Given the importance of this BAS I would be recommending that you contact the ATO, explain your situation, and request an extension for the July 21 submission date. 

Ron B
BAS Group
03 95588477

info@basgroup.com.au
Making MYOB work for you
Experienced Cover User vikandgra
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Re: BAS

Thanks for your prompt response!

Just contacted the ATO and they have given an extension.

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