Michael's Mechanical Supplies and Services (MMSS) Pty Ltd provides mechanical supplies and services through a retail store selling directly to the mechanical engineering market. The following transactions were extracted from the records of MMSS for the month of June 2022. MMSS is registered for GST and holds valid tax invoices for all transactions as required. MMSS accounts for GST on an accruals basis. Where applicable, amounts shown below are inclusive of GST. Required: (a) Determine which amounts are claimable as input tax credits. (5 marks) (b) Determine the net amount in respect of GST for the month of June 2022. (4 marks) (c) In December 2021, MMSS generates a tax invoice for mechanical items for $15150 supplied to a customer. The tax invoice contains the following details. (3 marks) (i) MMSS Pty Ltd - name, business address and ABN (ii) Date of supply of the mechanical items and what they were (iii) Price of each separate mechanical item inclusive of GST, and a short description (iv) Amount of overall GST owing and the extent they are a taxable supply Determine whether this is a valid GST invoice. (d) The invoice for $15150 was issued in February 2022 but is underpaid in the same month by $3000 due to a dispute over the quality of the goods supplied. MMSS accepts this in June 2022 and writes off the balance of the debt. When should any adjustment be claimed and for how much? Refer to relevant legislation to support your answer. (3 marks) Michael's Mechanical Supplies and Services (MMSS) Pty Ltd provides mechanical supplies and services through a retail store selling directly to the mechanical engineering market. The following transactions were extracted from the records of MMSS for the month of June 2022. MMSS is registered for GST and holds valid tax invoices for all transactions as required. MMSS accounts for GST on an accruals basis. Where applicable, amounts shown below are inclusive of GST. Required: (a) Determine which amounts are claimable as input tax credits. (5 marks) (b) Determine the net amount in respect of GST for the month of June 2022. (4 marks) (c) In December 2021, MMSS generates a tax invoice for mechanical items for $15150 supplied to a customer. The tax invoice contains the following details. (3 marks) (i) MMSS Pty Ltd - name, business address and ABN (ii) Date of supply of the mechanical items and what they were (iii) Price of each separate mechanical item inclusive of GST, and a short description (iv) Amount of overall GST owing and the extent they are a taxable supply Determine whether this is a valid GST invoice. (d) The invoice for $15150 was issued in February 2022 but is underpaid in the same month by $3000 due to a dispute over the quality of the goods supplied. MMSS accepts this in June 2022 and writes off the balance of the debt. When should any adjustment be claimed and for how much? Refer to relevant legislation to support your