Q1. Nolan runs a small jewellery shop in the outskirts of Melboume and provides specialised advice for all purchasers. He employs two permanent staff and is registered for the GST. For the current tax period ending 31 December, Nolan reported the following transactions under cash basis except where indicated. All the amounts are inclusive of GST where appropriate. Receipts Cash sales Credit sales outstanding Gift vouchers issued Total Amount 55,000 7,700 4,400 67,100 22.000 45,000 Expenditures Purchases Staff salaries Electricity Gas heating Telephone Total 990 880 440 69,310 Calculate the net GST payable to or refundable from ATO. Provide explanation for receipts and expenditures that are EXCLUDED from the calculation of net GST amount. Support your answer with reference to relevant goods and services tax legislation