Question 6 - BUSINESS ACTIVITY STATEMENT Using the following information, complete the Business Activity Statement, you may need to refer to the ATO website to help you complete. Company Name - Chilli Bin Pty Limited Address 55 Addison Street, Gosford NSW 2450 Contact Name and Phone Number - make up Option 1 Chosen - GST o Total Sales (Including GST Free Sales) $1,565,888 O GST Free Sales $ 250,000 Capital Purchases $ 175,000 o Non- Capital Purchases $1,233,850 PAYG Tax Withheld o Total Wages o Amount withheld AA $ $ 82,500 22,375 Option 2 Chosen - PAYG Income Tax Instalment o PAYG Instalment Income $ 1,653,746 o Tax rate 3.3% Summary - to be completed and payment or refund to be calculated and inserted in the BAS. Form due on Payment due on When completing this form: print clearly using a black pen round down to whole dollars (do not show cents) if reporting a zero amount, print 'O' (do not use NIL) leave boxes blank if not applicable (do not use N/A, NIL) do not report negative figures or use symbols such as +, -, /, $. GST accounting method Contact phone number Authorised contact person who completed the form Goods and services tax (GST) Complete Option 1 OR 2 OR 3 (indicate one choice with an X) Option 1: Calculate GST and report quarterly Total sales (G1 requires 1A completed) G1 $ OR .00 1.00 Option 2: Calculate GST quarterly and report annually Total sales (G1 requires 1A completed) G1 $ Does the amount shown at G1 include GST? Yes No (indicate with X) Report GST on sales at 1A and GST on purchases at 1B in the Summary section over the page Does the amount shown at G1 include GST? (indicate with X) Yes No Export sales G2 S .00 Option 3: Pay GST instalment amount quarterly Other GST-free sales G3 $ .00 OR G21 $ Capital purchases G10 $ .00 Non-capital purchases G11 $ .00 Write the G21 amount at 1A in the Summary section over the page (leave 1B blank) OR if varying this amount, complete G22, G23, G24 Estimated net G22 $ GST for the year Report GST on sales at 1A and GST on purchases at 1B in the Summary section over the page 00 09 Varied amount payable G23 $ for the quarter Write the G23 amount at 1A in the Summary section over the page (leave 1B blank) Reason code for variation G24 NAT 4189-03.2014 [JS 29398] ---- & PAYG tax withheld PAYG income tax instalment Total salary, wages and Complete Option 1 OR 2 (indicate one choice with X) other payments W1 $ .00 Option 1: Pay a PAYG instalment amount quarterly Amount withheld from W2 $ payments shown at W1 1.00 T7 $ Amount withheld where w4 S Write the 17 amount at 5A in the Summary section below no ABN is quoted 1.00 OR if varying this amount, complete 18, 19, T4 Estimated tax for the year 18 $ DO Other amounts withheld (excluding any amount W3 $ 1.00 Varied amount payable shown at W2 or W4) T9 $ for the quarter Write the T9 amount at 5A in the Summary section below Total amounts withheld (W2 +W4+W3) W5 $ 00 Reason code for variation T4 Write the W5 amount at 4 in the Summary section below OR Option 2: Calculate PAYG instalment using income times rate Reason for varying (G24 & T4) Code Obligation PAYG instalment income 11 $ Change in investments 21 PAYG only Current business structure not continuing 22 GST & PAYG T2 % Significant change in trading conditions 23 GST & PAYG OR Internal business restructure 24 GST & PAYG New varied rate T3 % Change in legislation or product mix 25 GST & PAYG Financial market changes 26 GST & PAYG T1 x T2 (or x T3) 111 $ Use of income tax losses 27 PAYG only Write the T11 amount at 5A in the Summary section below Reason code for variation T4 Summary Amounts you owe the ATO Amounts the ATO owes you GST on sales or GST instalment 1A $ 1.00 GST on purchases 1B $ 1.00 Do not complete 1B if using GST instalment amount (Option 3) PAYG tax withheld 4 .00 PAYG income tax instalment 5A $ 1.00 Credit from PAYG income tax 5B $ .00 instalment variation Deferred company/fund 7 $IIIIIII.00 instalment 1A+4 +5A +7 8A $ 1.00 1B+5B 8B $ 1.00 Payment or refund? then write the result of 8A minus 8B at 9. This amount is Is 8A more than 8B? Yes, Your payment or refund amount payable to the ATO (indicate with X) $ 11.06 then write the result of 8B minus 8A at 9. This amount is No, refundable to you (or offset against any other tax debt you have). Do not use symbols such as +, -, /,$ Declaration I declare that the information given on this form is true and correct, and that HRS MINS Return this completed form to I am authorised to make this declaration. The tax invoice requirements have been met. Estimate the time taken to complete this form. Include the time taken to Signature Date collect any information. $ Question 6 - BUSINESS ACTIVITY STATEMENT Using the following information, complete the Business Activity Statement, you may need to refer to the ATO website to help you complete. Company Name - Chilli Bin Pty Limited Address 55 Addison Street, Gosford NSW 2450 Contact Name and Phone Number - make up Option 1 Chosen - GST o Total Sales (Including GST Free Sales) $1,565,888 O GST Free Sales $ 250,000 Capital Purchases $ 175,000 o Non- Capital Purchases $1,233,850 PAYG Tax Withheld o Total Wages o Amount withheld AA $ $ 82,500 22,375 Option 2 Chosen - PAYG Income Tax Instalment o PAYG Instalment Income $ 1,653,746 o Tax rate 3.3% Summary - to be completed and payment or refund to be calculated and inserted in the BAS. Form due on Payment due on When completing this form: print clearly using a black pen round down to whole dollars (do not show cents) if reporting a zero amount, print 'O' (do not use NIL) leave boxes blank if not applicable (do not use N/A, NIL) do not report negative figures or use symbols such as +, -, /, $. GST accounting method Contact phone number Authorised contact person who completed the form Goods and services tax (GST) Complete Option 1 OR 2 OR 3 (indicate one choice with an X) Option 1: Calculate GST and report quarterly Total sales (G1 requires 1A completed) G1 $ OR .00 1.00 Option 2: Calculate GST quarterly and report annually Total sales (G1 requires 1A completed) G1 $ Does the amount shown at G1 include GST? Yes No (indicate with X) Report GST on sales at 1A and GST on purchases at 1B in the Summary section over the page Does the amount shown at G1 include GST? (indicate with X) Yes No Export sales G2 S .00 Option 3: Pay GST instalment amount quarterly Other GST-free sales G3 $ .00 OR G21 $ Capital purchases G10 $ .00 Non-capital purchases G11 $ .00 Write the G21 amount at 1A in the Summary section over the page (leave 1B blank) OR if varying this amount, complete G22, G23, G24 Estimated net G22 $ GST for the year Report GST on sales at 1A and GST on purchases at 1B in the Summary section over the page 00 09 Varied amount payable G23 $ for the quarter Write the G23 amount at 1A in the Summary section over the page (leave 1B blank) Reason code for variation G24 NAT 4189-03.2014 [JS 29398] ---- & PAYG tax withheld PAYG income tax instalment Total salary, wages and Complete Option 1 OR 2 (indicate one choice with X) other payments W1 $ .00 Option 1: Pay a PAYG instalment amount quarterly Amount withheld from W2 $ payments shown at W1 1.00 T7 $ Amount withheld where w4 S Write the 17 amount at 5A in the Summary section below no ABN is quoted 1.00 OR if varying this amount, complete 18, 19, T4 Estimated tax for the year 18 $ DO Other amounts withheld (excluding any amount W3 $ 1.00 Varied amount payable shown at W2 or W4) T9 $ for the quarter Write the T9 amount at 5A in the Summary section below Total amounts withheld (W2 +W4+W3) W5 $ 00 Reason code for variation T4 Write the W5 amount at 4 in the Summary section below OR Option 2: Calculate PAYG instalment using income times rate Reason for varying (G24 & T4) Code Obligation PAYG instalment income 11 $ Change in investments 21 PAYG only Current business structure not continuing 22 GST & PAYG T2 % Significant change in trading conditions 23 GST & PAYG OR Internal business restructure 24 GST & PAYG New varied rate T3 % Change in legislation or product mix 25 GST & PAYG Financial market changes 26 GST & PAYG T1 x T2 (or x T3) 111 $ Use of income tax losses 27 PAYG only Write the T11 amount at 5A in the Summary section below Reason code for variation T4 Summary Amounts you owe the ATO Amounts the ATO owes you GST on sales or GST instalment 1A $ 1.00 GST on purchases 1B $ 1.00 Do not complete 1B if using GST instalment amount (Option 3) PAYG tax withheld 4 .00 PAYG income tax instalment 5A $ 1.00 Credit from PAYG income tax 5B $ .00 instalment variation Deferred company/fund 7 $IIIIIII.00 instalment 1A+4 +5A +7 8A $ 1.00 1B+5B 8B $ 1.00 Payment or refund? then write the result of 8A minus 8B at 9. This amount is Is 8A more than 8B? Yes, Your payment or refund amount payable to the ATO (indicate with X) $ 11.06 then write the result of 8B minus 8A at 9. This amount is No, refundable to you (or offset against any other tax debt you have). Do not use symbols such as +, -, /,$ Declaration I declare that the information given on this form is true and correct, and that HRS MINS Return this completed form to I am authorised to make this declaration. The tax invoice requirements have been met. Estimate the time taken to complete this form. Include the time taken to Signature Date collect any information. $