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How to Report Cash Flow Boost on BAS

Newbie

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Hi

My business has recieved the Cash Flow Boost based on the last quarters BAS return.

I'm now starting to prepare for April/May/June BAS statement and I'd like to know how to report the $10000.00 Cash Flow Boost and where to allocate it on the BAS form.

Thanks

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Devotee

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Cash flow boost is BAS excluded income i.e not entered anywher on BAS 

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Most helpful response

Devotee

Replies 1

Cash flow boost is BAS excluded income i.e not entered anywher on BAS 

Devotee

Replies 0

Hi @franco

 

Thank you for your post.

 

As per the advice of @SM2304, you do not report the amount received for cash flow boost on your BAS.

 

You can read about the tax consequences of the cash flow boost on our website.

 

Hope this is helpful.