Please note that GST reporting has been simplified for small business by reducing the amount of GST information required in Business Activity Statements (BAS).
From 1 July 2017, eligible small businesses will automatically transfer to Simpler BAS. With Simpler BAS, you only need to report the following GST information:
There are no changes to reporting frequency or how other taxes are reported on the BAS.
The definition of a small business are those business entities with a turnover threshold of less than $10 million.
Should you have any queries, please contact this office.