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Frank is a painter who has registered for GST. During the current tax year, he paid $24,200 for painting supplies. 30% of these painting supplies
Frank is a painter who has registered for GST. During the current tax year, he paid $24,200 for painting supplies. 30% of these painting supplies were used to paint his own home.
Required: What is the amount of GST that Frank can claim in respect to the purchase of painting supplies in this current tax year?
Calculate, explain and support your answer with relevant Australian Goods and Services Tax legislation.
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