Suitable for: Users who are claiming deductions in their BAS

Tax Difficulty: Easy

Time to read: 1-2 minutes

Tax Focus: Deductions

Reporting lunches and waters

Lunch:

Food you consume while working is considered by the ATO to be private in nature and not to be in connection with your enterprise. You can only claim a GST credit if the purchase relates to your enterprise. Therefore, you cannot claim the cost of lunches in your BAS.

Water:

Water is GST-free. This means if you bought water to either sell or give away (e.g. to your passengers in the ride-sharing economy), the price you paid didn’t include GST. Thus, no GST credit can be claimed when submitting a BAS.

Where you can get more help:

• Feel free to search for other topics in the Help Centre
• If interested, consider using our Business Assist service to discuss with a qualified PwC Tax Specialist about your BAS (recommended for first time users)

• If you want to speak to someone about your current Airtax income tax return, book in a Tax Assist call or Tax Professional call with a PwC tax specialist.

This document merely provides a broad outline of the subject and is necessarily general in nature.  If you require specific advice, which is tailored to your specific circumstances, please do not hesitate to contact us (fees would apply).