BAS reporting
Hi
I received an e-mail from ATO saying I'm not completing my BAS properly. They say 'we have identified tha you did not report your business and/or investment income correctly at label T1 on your activity statements for 2019-20 income year.
We would expect your gross instalment income at label T1 to be similar to total sales reported at label G1 (less GST credits).
I always complete my BAS online through MYOB and don't get the option to report at T1. How am I supposed to do it. I even went onto ATO site and went to complete BAS through there and there is still not a T1 option.
Hi Karen251
The option to report BAS at T1 is included when lodging it manually using AccountRight. However, when you lodge it online, the fields in the online BAS form are determined by the settings at the ATO's end, therefore, we do recommend checking if they are correct at their end as the same problem is happening when you do it using ATO's site.
Let us know if you have additional questions on this.
