Hi ATO Community
My question is regarding a Business Activity Statement for a quarter where I have received nil income (and therefore have not collected any GST), but I have continued to have ongoing expenses and paid GST (which of course would normally be offset by the GST I would usually collect).
As I have had nil income for the quarter, do I simply submit a 'nil activity BAS'? Or as I have had expenses and paid GST, do I complete a BAS as normal, but with nil in the sales and nil in GST collected, but the amounts in the GST paid?
Or is it possible to submit a 'nil activity BAS' for this quarter and then carry over or hold off including the GST paid amounts from this quarter to the next quarter BAS in which I have GST collected to report?
I use the cash accounting method for my business, reporting quarterly.
Thank you.
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