Hello, sydney.
The reason your Business Activity Statement (BAS) G1 may be showing a wrong amount typically happens due to the following reasons:
- Duplicate entries might be inflating the total sales amount.
- Non-taxable items may have been mistakenly included in the G1 field.
To identify and resolve the issue, you can check and follow this process:
- Double-check all sales transactions for the relevant period.
- Review each transaction to ensure that the correct tax codes were applied (e.g., GST, GST-free, or Exempt).
By carefully reviewing your sales transactions and verifying the tax codes, you’ll be able to pinpoint and correct the cause of the incorrect G1 amount.
If you have other questions, feel free to add a reply.
