BAS Lodgment and Payment You will have several options for lodging your business activity statement (BAS). Filing electronically is easy, quick and secure. Most businesses prepare BAS on their own and file online. You can also get help from a registered tax or BAS agent to prepare and file BAS. You need to pay BAS in full to avoid paying interest. If the due date is on a public holiday or weekend, you will have until the next business day to file and pay your BAS. You must contact the ATO if you can’t file and pay in full and on time. In case of a natural disaster, you may qualify to get more time to file and pay your BAS. GST Reporting Cycles Your GST reporting and payment cycle will be one of the written below: Quarterly: If your GST turnover is below $20 million – and the ATO has not told you that you need to report monthly. Monthly: If your GST turnover is $20m or above – or you report GST monthly. Annually: If you are voluntarily registered for Goods and Services Tax and your
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