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In the table below - which you should reproduce for your solutions - with a GST of 5%, how much does each producer a. collect
In the table below - which you should reproduce for your solutions - with a GST of 5%, how much does each producer a. collect in GST b. receive as a GST credit C. remit to the government d. Now assume that the retail item (sold by Z to consumer) is exempt from GST. How do your answers to a, b, and c above change, if at all. Note - When you submit this question, you should have two completed tables (one for the retail items non-exempt, one for retail items exempt). Sale by producer X to producer Y 200.00 Sale by producer Y to producer Z 600.00 Sale by producer Z to consumer 1,600.00 Sale value GST collected GST credit GST remitted
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