Hi,
If I am reporting montly PAYG tax withholding through IAS, Why do I still have to report it on BAS? Doesn't it cause double entry if I report it on IAS and BAS as well? I am quite confused at the moment and hope my question will be answered beofore the IAS due on this monday. Also I'm registeed for GST and I prefer to do this via BAS only.
This is the two outstanding items showing in my business portal. As you can see BAS covers everything fr April to July includig May but the May already included in IAS.
BAS for Apr 2021 - Jun 2021 Business activity statementIAS for May 2021 - May 2021 Instalment activity statement.
Regards,Rush