BP Pty Ltd is a large company incorporated in Australia. BP is registered for GST purposes. The company sells tractors for $55,000 each (inc GST). It purchases the tractors from China for $45,000 each and the tractors are shipped to BP at an addional cost of $2,000 each. BP also sells tractors to companies in Singapore and Malaysia for $70,000 each. In this case, it does not ta

ke delivery of the tractors, but directs the Chinese seller to ship them directly to the Singaporean or Malaysian buyer. Last year, there was a problem with one of the tractors which BP sold to a local Australian company and BP had to provide the buyer with a full refund six months aer the purchase. BP also incurred a penalty of $550 (inc GST) as it failed to comply with certain regulatory requirements imposed under Australian law. Advise BP of its GST consequences arising from the above informaon.