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Reporting Covid Payments on BAS - Jobkeeper and Cash Boost

Initiate

Views 2245

Replies 1

Hello

can you provide some information on how we should record the Jobkeeper and Cash Boost Payments in our next BAS?

 

I understand the payments don't include GST, however, should they be included in 1A or left off the BAS entirely?

My instinct says to leave them off but I don't want to report the wrong thing.

Thank you

 

P.S - thank you also to the ATO staff here for all the help through these unchartered waters with covid19. I read the community board and receive so much helpful information from the questions that you answer for everyone. It's appreciated!

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Devotee

Replies 0

It is not included anywhere on the BAS because you didn't make a supply. 

1 REPLY 1

Most helpful response

Devotee

Replies 0

It is not included anywhere on the BAS because you didn't make a supply.