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Introducing the New Electronic Version of the BAS form

What changes have been made to the BAS form?
The Business Activity Statement (BAS) has been improved, allowing for automatic calculation of the total tax liability that should be remitted to the Revenue Commission. The electronic BAS form can now electronically calculate the liable tax due against claimed payments. Where there is a single tax rate (like in the case of GST on residential rent which is 15%) the BAS will electronically calculate the amount of tax that should be remitted to SRC. In this case, the rate will be shown next to the corresponding box.

Note however that for the section on excise tax, taxpayers will need to manually calculate and key in their tax liabilities. The same applies for fixed tax payments such as income tax for a domestic worker and a daycare worker employed by an individual and for surcharges and penalties.


How to complete the improved BAS form?
When completing the form, only the applicable boxes relative to you should be filled in. You need to key in the relevant figures in the boxes that are clickable / activated. Boxes that are non-clickable / not activated will be automatically updated where applicable.

When completing the BAS form, instruction boxes will appear on, above, below or to the side of the applicable boxes. Simply drag the instruction boxes outside of the page so that you can clearly read what you are required to fill in. The instruction boxes will guide you when completing the form.

Steps for electronically completing the BAS form:
  1. You have to manually key in your Client Trading Name or Business Name and your TIN or SBN in the applicable boxes.
  2. Click the relevant month and tax year, which is applicable, on the form.
  3. For the Income and Non-Monetary Benefits Tax (INMBT) section, fill in all the clickable/activated boxes relevant to their specific tax liabilities. The total INMBT to be remitted will be automatically calculated and updated in the Summary section of the BAS.
  4. When completing the Goods and Services Tax (GST) section, key in the sales amount inclusive of the GST charged. For example, if you charged SR100 for a service you should key in SR112 (Sr100 + (12) 12% GST) in the applicable box. The total GST tax to be remitted will be automatically calculated and will be updated in the Summary section of the BAS.
  5. When completing the Excise Tax section, key in the sales quantity of locally manufactured tobacco and alcohol. For tobacco the BAS will automatically calculate the tax liable in view that there is a single tax rate (SR 500.00 per 200 cigarettes) on tobacco. However, since the excise tax on alcohol production varies according to the alcohol strength you should manually key in the liable tax as per the rate specified within the Excise Tax Act, 2009. The total Excise Tax to be remitted will then be automatically calculated and updated in the Summary section of the BAS form.
  6. When completing the Pay As You Go (PAYG) section, fill in the applicable box. The BAS form will calculate the liable tax where there is a single tax rate. The interest paid and the liable withholding tax on interest should be keyed in since withholding tax rate on interest is multiple. Thereafter the total PAYG to be remitted will be automatically calculated and updated in the Summary section.
The Summary section of the BAS form contains the total liable tax that a taxpayer should remit to SRC for each applicable month. The Summary section is automatically updated and the total amount that a taxpayer should remit will appear in the Total amount remitted box.


Can I submit the new BAS form by e-mail?
  • If you are making payments by bank transfers simply download the BAS, complete it and e-mail it back to SRC on the following email address: bas@src.gov.sc.
  • If you are making payments by cash or cheques, you will have to print the BAS form submission after you have downloaded and completed it. Please be reminded that the BAS form needs to be submitted along with your payment to the SRC no later than the 21st day of each month following the month in which the transaction occurred.
The improved BAS form can be downloaded here or you can call for the BAS form to be sent to you by e-mail.


Know more about
Exchange Of Information
Self-Assessment for Business Tax
The Self-Assessment System – Assessing your own tax liabilities
Value Added Tax
The Tax and Customs Agent Board (TACAB)
Lodgment of Partnership Business Tax Return
Read More>>
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