The summary appears on the back of your BAS.
1A GST on sales or GST instalment
You report at 1A the total amount of GST (including any adjustments) you are liable to pay us for the reporting period. The amount you report and pay depends on the reporting and paying method you use.
If you are selling a property, and it is subject to GST at settlement where the purchaser has withheld, you are still required to report this property sale in your BAS. The GST on the property sale must be reported at 1A in the BAS period in which settlement occurred, For example: If the property settled on the 5 December, you must report the property transaction in the December BAS.
For margin scheme property sales subject to GST at settlement where the purchaser has withheld, the GST on the calculated margin must be reported at 1A in the BAS.
Monthly, quarterly and annually
If you report and pay GST monthly, or quarterly, or you use the annual reporting method, you must complete 1A on your BAS.
If you have no GST on sales or adjustments for the reporting period, enter ‘0’.
Accounts method |
Calculation worksheet method |
|---|---|
Take the amount to be shown at 1A directly from your records. |
Transfer the amount from G9 on your calculation worksheet. To do this, you will need to complete additional labels on your calculation worksheet – see Complete your BAS. |
Quarterly instalments
If you report and pay GST quarterly via the instalments method, you must report at 1A your GST instalment amount pre-filled at G21. If you’ve varied this amount, take the figure from G23 and report this amount at 1A.
You must also lodge an annual GST return at the end of the financial year and account for any difference between your total GST instalments for the year and your actual GST liability.
In your annual GST return, you must report the total amount of GST on your sales plus any relevant adjustments at 1A.
Accounts method |
Calculation worksheet method |
|---|---|
When completing the Annual GST return, use the amount from your records. |
When completing the Annual GST return, transfer the amount from G9 on your calculation worksheet. To do this, complete additional labels on your calculation worksheet – see Complete your BAS. |
See also
1B GST on purchases
Report at 1B the total amount of GST credits (including adjustments) you are eligible to claim from us. The amount you report depends on the reporting and paying method you use.
Monthly, quarterly and annual reporting methods
If you report and pay GST monthly or quarterly, or use the annual reporting method, you must complete 1B on your BAS.
If you have no GST on purchases or adjustments for the reporting period, enter ‘0’.
Accounts method |
Calculation worksheet method |
|---|---|
Use the amount to be shown at 1B from your records. |
Transfer the amount from G20 on your calculation worksheet. To do this, you need to complete additional labels on your calculation worksheet see Complete your BAS. |
Quarterly instalments reporting method
You don’t need to complete 1B on your quarterly BAS, but you will need to complete this label on your annual GST return at the end of the financial year.
Accounts method |
Calculation worksheet method |
|---|---|
When completing your Annual GST return, take this amount directly from your records. |
When completing your Annual GST return, transfer the amount from G20 on your calculation worksheet. To do this, you need to complete additional labels on your calculation worksheet – see Complete your BAS. |
Don't report at 1B:
- The amount that has been withheld at settlement and paid to us by the purchaser. This has been allocated to your GST property credits account. Once your BAS is processed, the GST property credit will be transferred from your GST property credits account into your BAS account.