The 12-week logbook is necessary for income tax purposes if you don’t use the cents per kilometre method but is not required for GST purposes.Today ATO asks me to lodge my BAS for the period from April to June, the problem is I started UBER a month ago and my logbook is not yet filled for 12 weeks. Whats the solution for this?
What do you mean by a fair and reasonable appointment?
Wait until after 30 June because the quarter ends on 30 June and you need to include figures until the end of the quarter. You then have until 28 July to lodge and pay.I spoke to a ATO guy and he is clueless about how UBER works, but he says its normal for them to send a letter saying that my BAS is due before the end of July.
So your net GST payable is GST on the full fare minus a credit for the GST on Uber's fees minus any other GST credits.
You need to reach the position you outline in two separate steps: (1) declare the gross fares as sales; and (2) claim an input tax credit on the service fee.So basically in layman terms, we just need to concentrate on the income we get to our bank account and divide it by 11 to pay the GST?
The problem is Airtax has not incorporated this in to their software, they calculate our income as the full fare.
I suspect it’s a timing difference. Some trips where the rider has paid but you haven’t yet received your share of the payment in your bank account (or even a weekly summary) may be reflected in one and not the other.