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FBT Question 1 Jack Sanders is a fitter employed as a toolmaker at Cooper Pedy Engineering Pty Ltd. He is provided with a four-wheel-drive station

FBT Question 1 Jack Sanders is a fitter employed as a toolmaker at Cooper Pedy Engineering Pty Ltd. He is provided with a four-wheel-drive station sedan which he uses occasionally to pick up parts and supplies for his employer from a wholesaler in a nearby town. All other use of the vehicle is private. During working hours, the vehicle is parked at the Cooper Pedy parking station, the employer paying the fee of $30 per week. Sanders is a keen yachtsman, and in his spare time is building a steel yacht which he proposes to sail on Lake Cooper Pedy. The yacht is being built on the employer's premises since Sanders finds it convenient to use the electric welder, presses and other equipment located there. From time to time, Sanders also uses sheet steel from the employer's stock, for which he is invoiced at cost. Discuss the liability, if any, of Cooper Pedy Engineering Pty Ltd for FBT. (10 marks) GST Question 2 Sarah operates a business which is registered for GST. She buys some of her stock from overseas suppliers. None of her suppliers is registered nor are they required to be registered for GST. She has bought the following: 1. Stock for the business. It cost $10,000, freight and insurance cost $2,000. 2. Similar stock but she ordered it in a separate transaction, and she was going to use all of it personally. It cost $2,500, freight and insurance were $700. Is GST payable on these importations? Explain who must pay the GST, how much is payable, and when it must be paid. Is there any way of reducing or deferring the GST. (10 marks) send me the answer with related section and cases with good explanation according to the marks without plazirisum

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