Announcements
Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Still not sure? Ask the Community

ATO Community

Re: BAS sales reporting for Share Trader income

Initiate

Views 103

Replies 1

Hi there,

 

In completing my BAS statement, at G1 "Total Sales" should I be including income derived from share trading activities, whereby share trading is considered the carrying on as a business and I record profits as income on my P&L.

 

Thanks in advance

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Community Support

Replies 0

Hiya @TheOxOz,

 

Yes, this amount is included in your total sales. Even if they are GST-free or input taxed sales, they are still included at G1.

 

Completing your BAS for GST.

1 REPLY 1

Most helpful response

ATO Community Support

Replies 0

Hiya @TheOxOz,

 

Yes, this amount is included in your total sales. Even if they are GST-free or input taxed sales, they are still included at G1.

 

Completing your BAS for GST.