QUESTION 40

In preparing the business activity statement (BAS) for the period July to September 2020, the following information is supplied.

Total sales that are taxable supplies (including GST): $33,000

GST-free sales: $1,500

Export sales: $4,400

Purchases related to taxable supplies (including GST): $22,000

Input taxed supplies: $1,100

PAYG income tax instalment: $5,000

PAYG withholding tax: $2,500

What amount will be remitted to the ATO for the September 2020 BAS?

Answer rating: 100% (QA)

To calculate the amount remitted to the ATO for the September 2020 BAS we need to ... View the full answer