Simpler BAS¶

Definition. Simpler BAS is the simplified GST reporting method the ATO uses for most small businesses, where you report only the main GST boxes: G1 total sales, 1A GST on sales, and 1B GST on purchases.

In plain English¶

To make GST reporting easier, the ATO cut the number of GST questions down to just three main boxes for most small businesses. According to the ATO, Simpler BAS is the standard method for small businesses with a GST turnover of less than $10 million. It means less to fill in and fewer ways to get GST classifications wrong.

Related lessons¶

• What is Simpler BAS?

General information only — not tax, super or financial advice.