Determine the quarterly bas period

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Reference no: EM133338841

Scenario: NSD Manufacturing Pty Ltd, an electrical business, reports and pays GST quarterly. The tables below provide summarise sales and purchases for the business.
Determine the quarterly BAS period [1, 2, 3 or 4] in which each of the transactions would be reported if the business is using a Cash basis of reporting for GST
Sales:
Invoice date	Payment received	Customer	Amount (GST Inclusive)	BAS Quarterly Period to report using Cash Basis
13-May-20	16-Jul-20	P Malcolm	$3,300	Quarter 1
23-Jun-20	30-Jun-20	J Taylor	$8,800	Quarter 4
30-Jun-20	14-Jul-20	D Jay	$9,900	Quarter 1
Purchases:
Invoice date	Payment date	Supplier	Amount (GST inclusive)	BAS Quarterly Period to report using Cash Basis
12-Nov-19	10-Jan-20	White Metal P/L	$3,300	Quarter 3
23-Mar-20	11-Apr-20	Oxy Supplies Pty Ltd	$5,500	Quarter 4
25-Jun-20	30-Jun-20	Tools Pty Ltd	$6,600	Quarter 4
Calculate the net GST payable or receivable for the quarter ending 30 June 2020 if the business reports on a Cash basis.
-$ 3,300

Reference no: EM133338841

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