You report your GST to the ATO on a Business Activity Statement (BAS). You must include particular information in the BAS, including:
- The total value of your supplies (sales).
- The total value of your purchases.
- The net amount of GST you have to pay to the ATO (or you are entitled to receive as a refund from the ATO), being the difference between the amount of GST payable on supplies and the GST credits you can claim on purchases.
When you lodge your BAS via Airtax, you only need to include your income and expense amounts (including the business use percentage of each expense), and then we will calculate the GST amounts for you.