Announcements
COVID-19 update: Check out our answers to common questions about JobKeeper payment and early release of super.

ATO Community

Re: Taxi Driver - BAS - some questions

Highlighted

Initiate

Views 325

Replies 1

Hi there, 


I feel like I've muddled up my BAS. 

Context: I'm a taxi driver, but not an operator. My payment arrangement is this:

  • generally, half of what I earn goes towards the operator of the vehicle as a "Bailment".
  • I need an ABN for this. 
  • I pay a small levy to the operator of $5 per night

So, as an example, say I make $1000 for the quarter, and my pay is half of this. $91.91 of this is GST. My half of the GST should be $45.45.

So would I fill out the BAS like this?

  1. Total sales: $500
  2. GST on sales: 45.45
  3. GST on purchases: 0

Or like this?

  1. Total Sales: $1000
  2. GST on sales: $90.91
  3. GST on purchases: $45.45

I feel like a massive idiot for even having to ask this. 

Thanks. 

 

 

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Best answer

Champion

Replies 0

Hi @oshkosh 

 

The second one

1 REPLY 1
Highlighted

Best answer

Champion

Replies 0

Hi @oshkosh 

 

The second one