1. A business had in a quarterly reporting/ payment period:

• a GST credit of $15,000
• a PAYG instalment liability of $6,000
• a PAYG withholding liability of $1,500, and
• an FBT liability of $1,000

In these circumstances would the business need to make any payments to the ATO, and if not, why not?

2.Why is it necessary to maintain adequate records to support the taxation accounting system and to code purchases and/or payments as per GST classifications?

3.Do you pay GST on taxable supplies and can you claim GST credits for purchases associated with taxable supplies?

4.What is a mixed supply?

5.What are input taxed supplies and do you charge GST on them?