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b a b stands for Business Activity Statement, which is a tax reporting requirement in Australia.
Businesses registered for Goods and Services Tax (GST) in Australia are required to file a Business Activity Statement.
To fill out a Business Activity Statement, you need to report information on your business activities, GST, taxes withheld, and other tax obligations.
The purpose of a Business Activity Statement is to report and pay various taxes to the Australian Taxation Office, including GST, pay as you go (PAYG) withholding, and other tax obligations.
Information such as total sales, GST collected, GST paid, wages paid, and other tax obligations must be reported on a Business Activity Statement.
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