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- 30 March 2009
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Good Morning,
For those that are either tax gurus or running a company that you trade through, what are your requirements for paying GST and lodging BAS Statements. As I understand, the ATO uses a phrase to the effect of "if your turnover (or sales) is over 50,000 a year you can apply for GST".
Does this force your hand to lodge BAS Statements even though the trading company is not selling any specific goods?
For those that are either tax gurus or running a company that you trade through, what are your requirements for paying GST and lodging BAS Statements. As I understand, the ATO uses a phrase to the effect of "if your turnover (or sales) is over 50,000 a year you can apply for GST".
Does this force your hand to lodge BAS Statements even though the trading company is not selling any specific goods?