Blog

BAS reports both:

• The total Goods and Services Tax (GST) collected from sales activities—which must be paid to the ATO and
• The total GST paid on purchases – which is claimed as an input tax credit.

Companies can report their taxes:

• Manually using a form, or
• Electronically using Electronic Commerce Interface (ECI) software provided by the ATO. The ATO provides the ECI software at no cost.