Input taxed salesSources of finance, such as lending money, and renting the residential facility is the transaction that we call input taxed sales.You do not include the GST in the price of the import sales were taxed, and you may not claim GST tax credits for the GST included in the price of purchase you need to make selling your taxable import. Business activity statements (BAS)The business activity statement (BAS) is a tax reporting requirements for businesses due to us on either a monthly or quarterly basis. It is used to report and pay the goods and services tax (GST), pay as you go (PAYG) contributed, tax deductible and tax obligations PAYG.When you register for an Australian business number (ABN) and GST, we will automatically send you a BAS when it is time to complaint.All GST registered businesses are required to submit a BAS before the due date.
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