LocalStores Pty Ltd operates a retal stove and provides you with the following detals to prepare their March $2024$ Business Activity Statement Local Stores is registered for GST on a quarterly accrual basis. All amounts below are stated as GST inclusive where GST is applicable and All Goods Pty Ltd holds tax invoices where applicable. All invoices are dated during the period $1$ january $2004$ to $31$ March $2324.$

Receipts

$$220,000$

Receipts from general retail sales

$44000$

Receipt from rental of the residential apartment above the shop

$5,100$

Interest on Bank Deposits

$6,300$

Credit card fees for customers who used credit card

Payments

$5,500$

Purchase general goods

$65,000$

Maintenance cost for the residential apartment

$11,000$

Salary paid to employees

$3,300$

Purchase of Shelving

$1,400$

Last saver $10$

Rates on the shop building paid to the Council

$1,400$

Water expenses paid to Landlord as part of Rent

$22,000$

Rent paid on the shop

$5,500$

Purchase of imported goods from Thailand

REQUIRED

Discuss the GST implications of each of the above transactions. Advise Local Stores Pty Ltd of the Net GST payable$/$refundable for the March$2024$ BusinessActvityStatement Provide justification for your calculations using legislation, case law and rulings where necessary.