Business in Australia (ABN):: 2023FY Quarter 1 GST/BAS Lodgement Deadline (28/10/2022)

Hello this is your tax and super specialist, P&C Tax Professionals.

Just a quick reminder for all of the GST registered ABN holders in Australia that the Quarter 1 GST/BAS lodgment deadline is on 28th October 2022 (Friday). The BAS lodgment that is due on this date is for the period covering 1st July 2022 to 30th September 2022.

According to the Australian tax law, if you are operating a business in Australia with an ABN and have also registered for GST, you must lodge a BAS return on a monthly or quarterly basis. If your GST turnover is less than $75,000 and you have therefore voluntarily registered for GST, you can lodge your BAS return once per year instead of monthly or quarterly.

If for whatever reason you fail to lodge your BAS return by 28th October 2022, you may be charged a fine from the Australian Taxation Office which is why we highly recommend that you start preparing for the lodgment of your BAS as soon as possible so that you do not risk missing the deadline.

If you need help with lodging your GST/BAS return, please feel free to contact P&C Tax Professionals through our email address (pnctax@naver.com) or by reaching out to us on our official Facebook Page (P&C Tax Professionals – Australia) at your earliest convenience.

Thank you!