lodged my activity statment and im confused when i will get the return for it...
processed says the 17th may and effective date says 21st may but there is nothing in the description part that says EFT. does this mean it still went through or how much longer do i have to wait before i will know outcome
I am by no means an expert in this (just starting this journey into business), but based on my experience:
1) If you have registered your bank account details you will get a deposit of the refund in there directly a few days after lodging
2) If you haven't registered your bank account details the ATO will send correspondence to request you add your bank details
Given the portal is down for me right now I'm going off memory here but if you go into the 'business portal' where you lodged the BAS and go the 'communications' tab and then 'history' you should probably have a letter confirming the refund and either acknowledging it will be deposited or requesting your bank details so they can deposit.
If you haven't set up your bank details you can also do this on the business portal (just google for instructions, it's pretty straightforward).