GST Receipt Tracking: The Easiest Way to Stay BAS-Ready
In short: The easiest way to stay BAS-ready in Australia is to record GST as you go: scan each receipt with a GST receipt tracking app when you get it, so the GST amount is stored separately from the total. Keep a valid tax invoice to claim the GST credit on any purchase over $82.50 (including GST), and export your GST totals by category each quarter for your BAS.
Read More