1. In what way is the treatment of GST free sales different to the treatment of input taxed sales if they both have 0% GST?

2. Jerry has a landscaping business and uses unleaded petrol in his Toyota Ute and various gardening equipment.

For the quarter ended 31 December 2020 he used a total of 273 litres, 182 litres in the ute and the rest in the equipment.

How much fuel tax credit can Jerry claim for the June quarter?

3. Petro's Pastoral Company Ltd runs a dairy farm. It operated a tractor and Four-wheel Drive vehicle which are used only on the property, both of which use diesel fuel.

In December 2020, 816 litres of diesel was used, 267 litres in the tractor and the rest in the Four-wheel Drive. How much fuel tax credit can Petro's Pastoral Company claim?

4. In what circumstances is Luxury Car Tax (LCT) payable?

5. What effect does the car cost limit for depreciation have on the amount of GST credits able to be claimed on the purchase of a vehicle used 100% for business purposes what input tax credit will they be able to claim? Explain your answer.

6. For an entity with a turnover of less than $20 million:

a) On what dates are Business Activity Statements (BAS) due to be lodged and paid?

b) What penalties could apply if a BAS or IAS is lodged after the due date?