FAQs
What is a BAS?
A Business Activity Statement, or commonly known as BAS, is a form issued by the ATO (Australian Taxation Office) to all GST registered entities to facilitate the reporting of the entities GST related activity for the period.
Where necessary, the Business Activity Statement also facilitates the reporting of small businesses PAYG withholding obligations, fringe benefits tax obligations and any PAYG income tax instalments that may apply to a business entity. The Activity Statements are normally issued quarterly, however in some circumstances, a business may be required, or may volunteer to, complete monthly Business Activity Statements.