AUDIT UPDATE - PRISON TERM FOR FALSE BAS
An Adelaide woman has been given a year-long prison term after being convicted of a criminal offence for submitting false business activity statements on behalf of her charity.
An ATO audit found that she had overstated the GST input-tax credits the organisation was entitled to, gaining a financial advantage of more than $34,000.
The woman was ordered to pay reparations of $34,265. Her prison term was commuted to a two-year good-behaviour bond.
The charity was stripped of its ABN and tax concessions.