GST and BAS Guide For Business

Getting to know GST and BAS

Find out what GST means for your business and get tips on how to handle some of the core tasks.

1. What is GST?

   You’ve probably heard about GST – it stands for goods and services tax and is added to most prices in Australia.

2. Registering for GST

   Find out if your business needs to register for GST. If so, learn how to do it and find out what happens next.

3. Calculating GST and issuing tax invoices

   If you’re a GST-registered business you must add GST to your prices. You also need to issue GST invoices. Find out how.

4. Claiming back GST (and input tax credits)

   GST-registered businesses can claim back the GST they pay on business expenses. Let’s learn how to claim it.

5. Working out your GST refund or payment

   Working out GST is simple maths. Keeping track of all your transactions is the tricky part. Let’s learn the process.

6. What is BAS and how to lodge it

   GST-registered businesses declare how much they’ve collected and paid by completing a business activity statement (BAS).

7. Tools and guides for your business

   Now you know the ins and outs of GST and BAS, but it can be tough to manage it all. Xero’s got the resources to help.