E.g. Taxable Supply, GST Free, Input Tax

ITEM	TYPE OF SUPPLY	GST INCLUSIVE AMOUNT	GST	EXPLANATION
Receipts
Sales - Wholesale - Quarter		$150,000	$	Section 9-10 [25.100]
Sales - Retail - Quarter		$55,000	$
Bank Interest Received		$65	$
Sale of Chef Grade Oven for product testing		$2,500	$
Trainee Government Grant		$1,000	$
TOTAL SALES		$ 208,565	$
Expenses
Materials and supplies purchased in the June quarter		$75,000	$
Payments for materials relating to March supplies		$10,000	$
New oven purchase via loan on 1 May 2021		$9,000	$
First repayment of the oven loan 31 May 2021		$450	$
Freight charges for the new oven		$150	$
First aid training for staff		$600	$0
Staff amenities (biscuits, milk, tea and coffee GST free)		$100	$0
Yearly staff function at a local restaurant ($80/head) *		$400	$
Cake decorations imported from the US **		$2,500	$0
Freight charges for the cake decorations**		$400	$
Airfares for Betty to attend four tradeshows in Melbourne***		$1,200	$
CAPITAL PURCHASES REPORTED ON BAS		$	$
NON-CAPITAL PURCHASES REPORTED ON BAS		$
INPUT TAX CREDITS TO CLAIM assuming tax invoices are held for all purchases.			$ -

Business case study information Betty is a sole trader and owns the business Cake Magic. Betty's business sells baking goods and equipment to wholesale and retail customers. Cake Magic also has a small manufacturing function that has just commenced making cake trays and tins from recycled products. Cake Magic is located in Byron Bay and the business sells its products to various wholesalers and retail outlets throughout Australia. Cake Magic currently has four (4) employees. Betty has asked for your assistance in completing the June quarter 2021 Business Activity Statement (BAS). Betty is registered for GST and operates on an accruals basis. To assist you, Betty has provided you with the following information about the activities of the business for the June 2021 quarter. Sales and receipts received for the quarter ended 30 June 2021 (inclusive of GST where appropriate) Sales for the quarter from wholesale customers $150,000 Sales for the quarter from retail customers $55,000 Bank interest received $65 Sale of Chef grade oven for product testing purposes on 31 May $2,500 2021 used within the business Trainee government grant received for Libby (staff trainee) $1,000 Expenses and payments for the quarter ended 30 June 2021 (inclusive of GST where appropriate) Materials and supplies purchased in the June quarter $75,000 Payments for materials relating to March supplies $10,000 New oven purchase via loan on 1 May 2021 $9,000 First repayment of the oven loan 31 May 2021 $450 Freight charges for the new oven $150 First aid training for staff $600 Staff amenities (biscuits, milk, tea and coffee GST free) $100 Yearly staff function at a local restaurant ($80/head) $400 Cake decorations imported from the US ** $2.500 (SAUD Freight charges for the cake decorations** $400 Airfares for Betty to attend four tradeshows in Melbourne*** $1,200 *The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax, hence not tax deductible. ** The US company did not charge GST on cake decorations. The Australian freight company did charge GST *** Betty had booked flights in advance to attend 4 upcoming tradeshows in Melbourne over the next few months. Due to lockdowns associated with COVID, Betty only attended two (2) tradeshows. The airline did not refund the unused amount of airfares of $600 and have provided the business with a credit to be used at a later date. Business case study information Betty is a sole trader and owns the business Cake Magic. Betty's business sells baking goods and equipment to wholesale and retail customers. Cake Magic also has a small manufacturing function that has just commenced making cake trays and tins from recycled products. Cake Magic is located in Byron Bay and the business sells its products to various wholesalers and retail outlets throughout Australia. Cake Magic currently has four (4) employees. Betty has asked for your assistance in completing the June quarter 2021 Business Activity Statement (BAS). Betty is registered for GST and operates on an accruals basis. To assist you, Betty has provided you with the following information about the activities of the business for the June 2021 quarter. Sales and receipts received for the quarter ended 30 June 2021 (inclusive of GST where appropriate) Sales for the quarter from wholesale customers $150,000 Sales for the quarter from retail customers $55,000 Bank interest received $65 Sale of Chef grade oven for product testing purposes on 31 May $2,500 2021 used within the business Trainee government grant received for Libby (staff trainee) $1,000 Expenses and payments for the quarter ended 30 June 2021 (inclusive of GST where appropriate) Materials and supplies purchased in the June quarter $75,000 Payments for materials relating to March supplies $10,000 New oven purchase via loan on 1 May 2021 $9,000 First repayment of the oven loan 31 May 2021 $450 Freight charges for the new oven $150 First aid training for staff $600 Staff amenities (biscuits, milk, tea and coffee GST free) $100 Yearly staff function at a local restaurant ($80/head) $400 Cake decorations imported from the US ** $2.500 (SAUD Freight charges for the cake decorations** $400 Airfares for Betty to attend four tradeshows in Melbourne*** $1,200 *The staff function would be considered minor and infrequent and be considered entertainment for the purposes of income tax, hence not tax deductible. ** The US company did not charge GST on cake decorations. The Australian freight company did charge GST *** Betty had booked flights in advance to attend 4 upcoming tradeshows in Melbourne over the next few months. Due to lockdowns associated with COVID, Betty only attended two (2) tradeshows. The airline did not refund the unused amount of airfares of $600 and have provided the business with a credit to be used at a later date