Hi - first time poster!
I started creating apps on the Apple platform, and initially was creating and distributing them for free (my own time, and definitely a hobby). This is not my main income, and that is from external FTE.
After a little traction, I decided to add the small price tag for features. However, in doing so on the Apple platform you need to register an ABN and for GST - which I did.
Since this isn't my main work and still "just for fun" I don't reach the GST threshold, I mean I think I only made $20 (incl. GST) past financial year.
In order to sell apps, I paid the $129 incl. account yearly fee.
When I fill out the BAS on the portal, is it as simple as:
- Total sales: $20, including GST
- GST on sales: $1.8 (or $2)
- GST on purchases: $11.72 (or $12)
There are no other expenses, and no other income. Usually I'd go to a tax agent for this, but it seems so low in the sales/expenses to even consider.
I don't want to do the wrong thing, and want to make sure if this becomes bigger over time that I am set up correctly from the get go in my understanding.
For such low levels of sales, does the income also go under the:
"You received salary, wages or other income on an income statement/payment summary, Australian Government payments, or First home super saver (FHSS) scheme payment" heading or the "You were a sole trader or had business income or losses, partnership or trust distributions (not from a managed fund) > Business/Sole trader income or loss > Personal services income"?
Any help would be appreciated!
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