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Re: First cash flow boost

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Initiate

Views 186

Replies 2

The cash flow boost is non-assessable non exempt income. Needn't to pay GST and tax on it. But shall I report it in total sales in G1 in BAS? 

If I already report it in G1, shall I have to amend BAS? It could impact on the eligiblilty of jobkeeper extension becasue the total sales be increased $10,000 (first cash flow boost).

1 ACCEPTED SOLUTION

Accepted Solutions
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Most helpful response

Master

Replies 1

Cash flow boost is not included in BAS at all

2 REPLIES 2
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Most helpful response

Master

Replies 1

Cash flow boost is not included in BAS at all

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Devotee Registered Tax Practitioner

Replies 0

@E-SnowSandy 

 

You should amend the BAS.

 

Duncan