Business in Australia (ABN):: 2022FY Quarter 2 GST/BAS Lodgment Deadline

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

For all the ABN holders running a business in Australia, please be advised that the Quarter 2 GST/BAS lodgment deadline is on 28th February 2022 (Monday). The BAS lodgment that is due on this date is for the period covering 1st October 2021 to 31st December 2021.

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 (which is the gross income from your business minus GST) is less than $75,000 and you 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 Quarter 2 BAS return by 28th February 2022, you may be charged a fine from the Australian Taxation Office which is why it is best to get your BAS report prepared well in advance so that you do not miss the lodgment deadline.

You can easily get your GST/BAS report sorted out with P&C Tax Professionals by simply contacting us on our email address (pnctax@naver.com) or through our Facebook Page (P&C Tax Professionals – Australia) at your earliest convenience.