No.1 Supermarkets Pty Ltd operates a corner store and provides you with the following detail to prepare their December 2020 Business Activity Statement. No.1 Supermarkets is registered for GST on a quarterly accrual basis. All amounts below are stated as GST inclusive where GST is applicable and No.1 Supermarkets Pty Ltd holds tax invoices where applicable. All invoices are dated during the period 1 October 2020 to 31 December 2020.

Receipts

$

440,000 Receipts from general grocery sales

300,000 Receipts from sales of fruit and vegetables

25,000 Receipt from rental of the residential apartment above the shop

5,000 Interest on Bank Deposits

110,000 Receipts from Sale of alcohol

6,000 Credit card fees for customers who used credit card

Payments

$

180,000 Purchase general groceries

5,500 Maintenance cost for the residential apartments

50,000 Salary paid to employees

66,000 Purchase of fridges

3,500 Rates on the shop building paid to the Council

1,400 Water expenses paid to Landlord as part of Rent

22,000 Rent paid on the shop

175,500 Purchase of fruit and vegetables from the growers

Discuss the GST implications of each of the above transactions. Advise No1. Supermarkets Pty Ltd of the Net GST payable/refundable for the December 2020 Business Activity Statement. Provide justification for your calculations using legislation, case law and rulings.