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GOODS AND SERVICE TAX For the following consider whether it is a Taxable Supply, Input Taxed or GST Free. Calculate net GST payable position. Receipts
GOODS AND SERVICE TAX For the following consider whether it is a Taxable Supply, Input Taxed or GST Free. Calculate net GST payable position. Receipts S 660,000 35,000 5,000 1,100,000 6,600 Payments S 330,000 10,500 150,000 1,500 400 55,000 Sales of Motor Vehicles Rent received on residential property Interest on Deposits Sale of commercial building Employee contribution for provision of car Motor Vehicles purchased Maintenance cost on the residential apartments Salary paid to employees Rates Water bill Repairs to motor vehicles
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