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201PRESENTATION
We are presenting the Municipal
Immigration Council (CRIB’s Work
Plan for
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What is b a i c?
BAIC stands for Business Activity Statement (BAS)
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Businesses registered for Goods and Services Tax (GST) are required to file BAS.
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BAS can be filled out either manually or using accounting software like Xero or MYOB.
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The purpose of BAS is to report and pay GST, PAYG withholding, and other taxes to the Australian Taxation Office (ATO).
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Information such as total sales, GST collected, GST paid, and other tax obligations must be reported on BAS.
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