Craig owns and operates a garden maintenance and lawn mowing business in the suburbs. He employs 2 casual staff, and is registered for GST.

For the 2022/23 tax year, Craig reported the following transactions:

Assume all amounts are GST inclusive (where appropriate) and that a valid tax invoice has been provided unless stated otherwise.

Receipts:

Fees from clients 28,000

Sale of second hand ride on mower 2,300

Expenses:

Fuel for vehicles and equipment (e.g. lawn mowers) (he kept receipts of all purchases under $50) 1,600

Equipment repairs (no ABN provided on the invoice) 1,080

Rubbish-tip fees ($10 per visit receipt only) 210

Wages 3,000

Water rates 1,600

Telephone 1,480

New equipment (no tax invoice provided) 11,400

New equipment hire (*) 500

Landscape supplies 15,800

Repayments of business loan (interest $1,000, capital $500) 1,500

Additional Information:

- In February 2023, Craig made a gift for no consideration, of an old lawn mower to his son. (The market value of the lawn mower at the time of the gift was $250).

- * On 28 June 2023, he hired a tree stump-grinder and paid $200 and a $300 deposit. The deposit was refundable on the return provided the equipment was not damaged and it was returned by the agreed date.

- Assume that all supplies are taxable (where appropriate), and that a valid tax invoice has been provided unless stated otherwise.

Craig wishes to know what his obligations and options are under GST. Prepare a report advising Craig on these matters. (Calculations must be shown where relevant).