Question
Goods and Services Tax The following is a list of transactions for your review. Assume the respective suppliers are GST registered. i) A residential course,
Goods and Services Tax
The following is a list of transactions for your review. Assume the respective suppliers are GST registered.
i) A residential course, offered by a regional University, leading to a Diploma of Management. The course cost is $5,000 comprising $3,000 for course fees and $2,000 for accommodation and meals.
ii) Goods worth $177,000 sold to a manufacturer in Japan.
Required
How much GST, if any, for each transaction above? 4 marks
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
