Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Advise whether the following would be considered taxable supplies, GST-free supplies or input tax supplies (you may assume that the supplies are made

Question 1 Advise whether the following would be considered taxable supplies, GST-free supplies or input tax supplies (you may assume that the supplies are made by an entity located in Australia and registered for GST purposes and that the supplies are made for consideration in the furtherance of an enterprise):

(1) Sale of t-shirts by a retailer

(2) Sale of a new residential house by a property developer

(3) Sale of herbal tea by a caf

(4) Sale of fresh fruit by a grocer

(5) Airline ticket from Adelaide to Perth

(6) Painting a house

(7) Loan set-up fees charged by a bank

(8) Home-delivered pizza with separate charges for the pizza and the delivery

(9) Airline ticket from Melbourne to London (return)

(10) Sale of an existing residential house owned as an investment property

(11) Interest on a loan to buy shares

(12) Sale of shares in an ASX listed company

(13)Sale of Australian souvenirs to purchasers located overseas

Please help with a detail explain why !!! Thanks heaps

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Food And Beverage Cost Control

Authors: Lea R. Dopson, David K. Hayes

6th Edition

1118988493, 978-1118988497

More Books

Students also viewed these Accounting questions