Part 5 Quarterly BAS Preparation and Completion

Client scenario: Ray Richardson - Qtr Ending 31/3/2023

You have been approached by Ray Richardson, a local handyman. His business name is Ray the Handyman". He is registered for GST using Accrual Accounting and has PAYG instalments using option 2 T2=8.5%.

1. The below figures have been calculated and are totals of Ray's transactions for the quarter.
2. Check all figures below completely on the form below.

• Once checked calculate the PAYG instalment.
• Complete the table for the BAS form.

GST calculation worksheet for BAS Tax period ended 31/3/23 If you want to use the calculation sheet method to work out GST amounts) Name Ray Richardson U You can find information to help you complete this calculation worksheet on our website ato.gov.au/GSTforBAS Do not lodge the calculation sheet with your BAS. We recommend you file it with a copy of the BAS to which it relates. Show amounts at these labels GST amounts you owe the Tax Office from sales on your BAS G1 Total sales (including any GST) G1 $ 33000 . G1 on the BAS How much of your total sales (G1) are: G2 Export sales G2 $ G2 on the BAS G3 Other GST-free sales G3 $ O .De G3 on the BAS G4 Input taxed sales G4 $ G5 G2 + G3 + G4 G5 $ o .x G6 Total sales subject to GST (G1 minus G5) G6 $ O .x G7 Adjustments (if applicable) G7 $ 1000 .s G8 Total sales subject to GST after adjustments (G6 + G7) G8 $ 0 .x 1A in the G9 GST on sales (G8 divided by eleven) G9 $ O .x Summary section of the BAS GST amounts the Tax Office owes you from purchases G10 Capital purchases (including any GST) G10 $ G10 on the BAS G11 Non-capital purchases (including any GST) G11 $ 15000 .Da G11 on the BAS G12 G10 + G11 G12 $ o .x How much of your purchases (G10 and G11) are: G13 Purchases for making input taxed sales G13 $ G14 Purchases without GST in the price G14 $ 1000 .De G15 Estimated purchases for private use G15 $ or not income tax deductible G16 G13 + G14 + G15 G16 $ G17 Total purchases subject to GST (G12 minus G16) G17 $ 0 .x G18 Adjustments (if applicable) G18 $ G19 Total purchases subject to GST after adjustments (G17 + G18) G19 $ 0 .x 1B in the Summary section G20 GST on purchases (G19 divided by eleven) G20 $ of the BAS