GST rate = 15%

GST rate = 15%

Part (a) Calculate the net GST payable or receivable by each of the following: i. Manufacturer pays for supplies $140,000 (GST exclusive) plus GST Manufacturer sells goods for $200,000 (GST exclusive) plus GST to wholesaler ii. Wholesaler purchases goods from manufacturer for $200,000 (GST exclusive) plus GST. Wholesaler sells the goods to retailer for $260,000 (GST exclusive) plus GST. iii. Retailer purchases goods from wholesaler for $260,000 (GST exclusive) plus GST. Retailer sells goods to customer for $320,000 (GST exclusive) plus GST