Question 1

How do resellers do BAS in Australia?

Accepted Answer

Resellers registered for GST need to lodge a Business Activity Statement (BAS) quarterly or monthly. TurnGoods generates BAS-ready GST reports that map directly to ATO fields — G1 (total sales), G3 (export sales), 1B (GST on purchases), and 1A (GST on sales).

Question 2

Do I need to register for GST as a reseller?

Accepted Answer

You must register for GST if your annual turnover is $75,000 or more. TurnGoods tracks your year-to-date sales and alerts you when you're approaching the threshold.

Question 3

How do marketplace fees affect GST reporting?

Accepted Answer

If you sell on eBay or Trade Me, the marketplace collects payment on your behalf. You still report the full sale price as GST-inclusive income. The marketplace fees are GST-inclusive expenses. TurnGoods handles this automatically in its BAS reports.

Question 4

What is TPAR and do resellers need to report?

Accepted Answer

TPAR (Taxable Payments Annual Report) is required if you pay contractors or consignors more than $10,000 per year. TurnGoods tracks all consignor payments and generates TPAR-ready reports.

Question 5

Can TurnGoods export BAS data to Xero or MYOB?

Accepted Answer

Yes. TurnGoods exports GST data in Xero CSV invoice format and MYOB journal entry format, with correct tax codes and account mappings. It also produces bank transaction import CSVs for Xero.

Question 6

Is TurnGoods a registered BAS agent?

Accepted Answer

No. TurnGoods is not a BAS agent and does not provide tax advice. The reports are designed to make your BAS lodgement easier, but you should review figures with your accountant or registered tax agent before lodging.

BAS / GST Report