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( g ) Waikato Limited files two monthly GST returns. On 8 March 201 8 , the company applies to use the ratio option to

(g) Waikato Limited files two monthly GST returns. On 8March 2018, the company applies to use the ratio option to work out its 2019 provisional tax. IRD approved this and review the companys latest returns, which are for the 2017year. The 2017 RIT is $180,000, and the total taxable supplies the year ended 31 March 2017 is $3,750,000. The companys taxable supplies for the year ended 31 March 2019 are as follows:

GST return period

Taxable supplies ($)

April - May 2018

800,000

June - July 2018

400,000

August - September 2018

350,000

October - November 2018

420,000

December 2014 - January 2019

640,000

February - March 2019

580,000

Calculate the ratio percentage and the provisional tax instalments for 2019 of Waikato Limited.

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