GST: New Simpler BAS from 1 July 2017


The ATO has changed the GST reporting for business with an annual GST turnover for GST purposes of less than $10 million, which means most of our clients.

Our clients do not need to be concerned as we are ready for it, as we were briefed on it by the ATO earlier having represented our marketspace to the ATO.

What is required now is

Total sales

Total Normal Sales (and GST)

Total Purchases (and GST)

This will not be a problem as many of our reports already show totals and GST. The Dissection sales report shows both for sales. The Stock Purchases reports show both for purchases. However, as not everything for many of our clients does go through the Point of Sale Software, so our reports will not include everything.