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BAS question when nil income (and no GST collected), but paid GST on expenses

Newbie

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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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ATO Certified Response

ATO Community Support

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Hiya @AMD,

 

You would report nil sales and include your purchases. This will put you in an overall credit position for GST on this BAS. If you have nothing else to report, you would be entitled to a GST refund.

 

 

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Most helpful response

ATO Certified Response

ATO Community Support

Replies 0

Hiya @AMD,

 

You would report nil sales and include your purchases. This will put you in an overall credit position for GST on this BAS. If you have nothing else to report, you would be entitled to a GST refund.