Business in Australia (ABN):: 2022FY Quarter 3 GST/BAS Lodgement Deadline

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

Just a quick reminder for all of the ABN holders running a business in Australia that the Quarter 3 GST/BAS lodgment deadline is on 28th April 2022 (Thursday). The BAS lodgment that is due on this date is for the period covering 1st January 2022 to 31st March 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 April 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.

Thank you and bye for now!