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The Business Activity Statement (BAS) is a form that businesses have to send to the Tax Department, in Australia, stating their income and how much GST (Goods and Services Tax of 10%) they collected. They also have to send in the tax they collected.

If they had to pay any GST in the running of their business, then they subtract that from the GST they collected and send in a lesser amount.

Large businesses do this every month. Smaller businesses do it every three months, or maybe even once a year.

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Q: What is the BAS - Business Activity Statement - in Australia?
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Related questions

What does BAS stand for and explain its use?

business activity statement


What is the difference between IAS and BAS?

In Australia, Business Activity Statements (BAS) and Instalment Activity Statements (IAS) are forms lodged by businesses to the Australian Tax Office (ATO) to declare tax owing to the ATO. Simply, the difference between BAS and IAS is that IAS does not show payments owing to or by the ATO for general service taxes (GST) because the enterprise submitting the IAS is not registered for GST.


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