GST reporting cycles....
Your GST reporting and payment cycle will be one of the following.
- Quarterly – if your GST turnover is less than $20 million – and the ATO have not told you that you must report monthly.
- Monthly – if your GST turnover is $20 million or more – or you choose to report GST monthly.
- Annually – if you are voluntarily registered for GST and your GST turnover is under $75,000 ($150,000 for not-for-profit bodies).
Quarterly reporting....
If your GST turnover is less than $20 million and the ATO haven't told you to report GST monthly, you can report and pay GST quarterly.
| Quarter | Due date |
|---|---|
| 1. July, August and September | 28 October |
| 2. October, November and December | 28 February |
| 3. January, February and March | 28 April |
| 4. April, May and June | 28 July |
If you lodge online, you may be eligible for an extra 2 weeks to lodge and pay your quarterly BAS.
You may also get extra time if you lodge through a registered tax or BAS agent.
A later lodgment and payment due date does not apply for quarter 2 because the due date already includes a one-month extension.