Business in Australia (ABN):: 2024FY Quarter 1 GST/BAS Lodgement Deadline (28/10/2023)

Hello, this is your tax accountant, P&C Tax Professionals.

This is a reminder to everyone that the due date for submitting your 2024FY Quarter 1 Business Activity Statement (BAS) is 28th October 2023. The BAS lodgment due on this date is for the period covering from 1st July 2023 to 30th September 2023.

According to the Australian tax regulations, businesses with an ABN and those who are registered for GST must lodge a BAS return on a monthly or quarterly basis. If your GST turnover is below $75,000 and you’ve voluntarily registered for GST, you can lodge your BAS return annually instead of monthly or quarterly.

Failure to meet the 28th October 2023 deadline may result in fines from the Australian Taxation Office (ATO). We strongly advise you to begin preparing for your BAS lodgment promptly to avoid missing the deadline.

If you require assistance with 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 and bye for now!