GST for Australia app allows you to easily create and manage automated reports for lodging business activity statements BAS.
The app is simplified for all users, where you won’t need any training; you can quickly start generating your business activity statement (BAS) with one click while setting the tax rates and return settings. Rates are already set as default mode; no accounting training is required either.
Once you generate your BAS, you can easily visualize it and browse through the GST amount owed to the Tax Office from your sales transactions. A simple version of your BAS is also available for more comprehensibility!
This app allows you to file quickly, adjust and pay your BAS while recording all those actions and enables you to fetch your GST payments with dates, amounts, and payment methods.
With the Akaunting GST app, filling in your taxes has never been easier and quicker!
About GST
GST is a 10% inclusive tax on most goods, services, and other items sold or consumed in Australia.
Businesses must register for GST when their turnover is AUD 75,000 and more for either the last or the trailing 12 months. The businesses need to register within 21 days of their GST turnover exceeding the relevant threshold. The total GST turnover needs to be reported to Australian Tax Authorities either monthly or quarterly as Business Activity Statements (BAS).
