Lodge BAS/GST

All businesses registered for GST need to lodge a business activity statement (BAS).

Your BAS will help you report and pay your:

• goods and services tax (GST)

• pay as you go (PAYG) instalments

• PAYG withholding tax

• other taxes.

When registered for an Australian business number (ABN) and GST the ATO will automatically send us a BAS when it is time to lodge.

Overview

• https://central.xero.com/s/article/Lodge-activity-statements-with-Xero

• Connect your organisation to the ATO and lodge your Activity Statements directly from Xero.

• Draft Activity Statements are automatically generated and prefilled with all applicable fields.

Step 1: 

Ensure Xero is connected to ATO (Call the ATO and give them the software ID (SSID) provided during the connection setup. The ATO will verify that you have the authority to connect your organisation. Once connected, all business users in your organisation will have access.)

Step 2:

Xero file -> Reports -> Activity statement -> TABS: Business activity statement-& GST Audit report> check dates.

Step 3:

Audit report (wide view)- ATO would audit top 10 expenses:

 Look for obvious GST items incorrectly coded GST free expenses

Step 4

W1/W2: Payroll employee summary report

Check total wages/ total taxes align

Step 5

Lodge to ATO

GST Free

• Pindari to Mia

• Allianz Workers Comp

• ASIC fees

• Suppliers not registered for GST (ie cam Webb wasnt)

• Overseas travel

• Peak Teams Per Diem: No GST/ GST Free

• Wages

• Interest income from bank

• Overseas purchases

• PayPal merchant fees are GST free

• GST - Free supplies

Key requirements:

• • Supplier must not charge GST on income when in makes this type of supply;

  • Supplier can claim back GST when it purchases things to make this supply;

  • GST-free supplies are defined in the GST legislation.

Examples:

• • Exports (refer GST & Exports for more information);

  •  Health and medical care:

  • Services of a medical practitioner or pathologist;

  • Services of allied health practitioners such as physiotherapists;

  • Naturopaths, nurses and optometrists;

  •  Hospital treatment;

  • Residential, community care and specialize disability services;

  • Medical aids and appliances;

  • Drugs, medicines and health goods; and

  • Health insurance;

Education:

• • • Most education courses & certain course materials (refer GST & Education Courses for more information);

    • Certain excursions/field trips (refer GST & Field Trips for more information).

Food:

• • Basic food for human consumption excluding restaurant, catered or eat in food, hot takeaway food, prepared food/meals, bakery products (not bread), confectionary, snacks, ice-cream, biscuits, alcohol, soft drinks etc.

International Travel

• • International transport and travel:

  • International travel, including the domestic leg of an overseas trip;

  • International transport of goods;

  • Certain international mail/courier costs.

  • Some overseas conferences (refer GST & Conferences for more information).

Charity

• • Certain activities of charities, religious and gift-deductible bodies (NOTE: ANU is gift deductible body

Supplies for nominal consideration;.

• • Sale of a going concern (i.e. a business);

  • Certain transactions involving precious metals;

  • Water, sewerage and drainage; and

  • Cars for disabled people.