Business Activity Statements can be lodged annually, quarterly or monthly depending on your business’ turnover.
- Annually – if your business’ GST turnover is less than $75,000 a year and you are voluntarily registered for GST, then you can opt to lodge your BAS annually.
- Quarterly – if your business’ GST turnover is over $75,000 but less than $20 million a year, then you will report quarterly.
- Monthly – if your business’ GST turnover is over $20 million a year, or the ATO has advised you must report monthly.
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