Task 4 - Amending a BAS

Aussie Replica Engines Limited (ABN 12 345 678 910) is registered for GST on an accrual basis. The company has already lodged their BAS for the quarter ended 30 September 2018 and paid the outstanding liability of $36,480. The following month an error was discovered in which the following invoice was found to have the wrong tax code used:

15.09.18 Sale to New Zealand Train Tours 1 steam engine $220,000 GST

As this was an export sale there was no GST on this sale and the correct code should have been EXP. GST collected on the invoice was actually nil not $20,000 as recorded in the MYOB reports.

Aussie Replica Engines Limited wishes to lodge an amended BAS immediately to recover the overpaid GST. Listed below are the original values at the various labels on the September BAS. 

a) Complete the third column to indicate what the new amended figures should be at each label when the amended BAS is prepared for lodgement.

b) Complete an amended paper BAS for Aussie Replica Engines Limited for the September 2018 quarter. A blank sample BAS form (C – Quarterly BAS) is attached.