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PART A: Consider the following scenario. Assume that A and B are registered for GST. Sale of Goods Sale of Goods A B Customer A
PART A: Consider the following scenario. Assume that A and B are registered for GST. Sale of Goods Sale of Goods A B Customer A sells goods to B for $2,200 (GST-inclusive) B sells goods to the final customer for $3,300 (GST-inclusive) REQUIRED: Calculate the net GST payable by or refundable to B in the following three circumstances: (1) B sells the goods, which are taxable, to the final customer in Australia. (ii) B exports the goods, which are taxable, to the final customer in Malaysia. (iii) B sells the goods, which are input-taxed, to the final customer in Australia. PART A: Consider the following scenario. Assume that A and B are registered for GST. Sale of Goods Sale of Goods A B Customer A sells goods to B for $2,200 (GST-inclusive) B sells goods to the final customer for $3,300 (GST-inclusive) REQUIRED: Calculate the net GST payable by or refundable to B in the following three circumstances: (1) B sells the goods, which are taxable, to the final customer in Australia. (ii) B exports the goods, which are taxable, to the final customer in Malaysia. (iii) B sells the goods, which are input-taxed, to the final customer in Australia
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