Do supplies that fall outside the GST net need to be shown on the BAS?
No. This is an important distinction between GST-free and non-taxable supplies and transactions. Supplies and transactions that fall outside the GST net are not reportable on the BAS. This is why it is important to create separate tax codes for GST-free and No Tax transactions as the GST-free transactions can then be separated on the BAS. If you are having trouble distinguishing whether certain supplies and transactions are GST-free or fall outside the GST net, we recommend you seek help from your accountant and/or the Australian Taxation Office.
