Introduction to Assessment: GST is an indirect tax because it is levied on the suppliers whereas the burden is ultimately borne by the final consumer when the GST is included in the price charged to the consumer. The supplier acts as a tax collector by becoming liable for GST at a rate of 10% on the value of the supply. The supplier may add this amount to the price charged to the customer, consequently the GST is passed on to that customer. If the supplier acquired anything connected with their enterprise in order to make their supplies then they are also entitled to an input tax credit for the GST they paid in making that acquisition. The net amount of GST charged less the input tax credit allowed is remitted to the ATO who administers the GST collection. This means the GST is collected along the supply chain by being added to the successive sale prices, but each supplier only collects their respective net amount after entitlement to an input tax credit on their acquisitions. The final consumer is not carrying on an enterprise and consequently is not entitled to a GST input tax credit for their private consumption purchase. Consequently, they bear the entire GST burden which has been passed on within the price charged to them. For tax periods starting on or after 1 July 2017, supplies of things other than goods or real property, ie. services or rights, are treated as having a connection with Australia if they are made to an Australian consumer. Those supplies therefore may become subject to GST even though the supplier is overseas. ASSIGNMENT ISSUE FOR RESEARCH: The Australian GST landscape has changed since 1 July 2017 with the introduction of the following three main changes: (i) GST imposed on the supply of digital products and services to an Australian consumer (ii) GST applicable to offshore supplies of low value goods into Australia (iii) the introduction of GST withholding on new residential property sales. Required: Answer the following three questions IN YOUR OWN WORDS; i.e., no copying and pasting. You are required to prepare a report in which you research, analyse and evaluate these three recent changes to the GST regime and examine the policy behind the changes. Your report should include an analysis of the following: 1. The impact of the changes using examples to highlight your analysis (3 x 4 =12 marks). 2. Whether the changes are good tax policy (4 marks). 3. What alternative approaches could have been implemented (4 marks)? (Please make reference to at least five (5) journal articles to support your research) (1