Question 4 10 Man) uns a business as a sole trader in which he sells and hires out garden ipment He also repairs Wheelchairs and as consequence, maintains a ock of wheelchair parts. Paul's business is registered for Goods and Services Taxation (GST) on an accruals basis, Paul advises you of the owing transactions for the financial year (where relevant, the amounts Include GSTE 4200 was deposited on a day-bysale. The customers cancelled the by but Paul did not give a refund back on any of the money ride-on mower was hired by a customer for $330 for the day and a security deposit was taken. The ride-on-mower was returned in a good state and the security deposit was given back to the customer SW was spent on parts for wheelchairs, Paul's biggest customer for wheelchair repair is the Acacia Rehabilitation Centre for Severe Traume. As Acacia is his customer for wheelchair repair, he stocks only parts which are complaint with Schedule 3 of A New Tax System (Goods and Services Tax) Act 1999 [Cth]. $25.000 was paid to a GST un-registered supplier for a piece of garden equipment. The equipment will be used 70% of the time for business purposes and 30% of the time for private purposes. Required: With reference to legal authority, advise Paul on the GST consequences of the above transactions. Where applicable, calculate the relevant amount of GST Advise Paul whether or not an input tax credit can be claimed on any of the ransactions Question 4 10 Man) uns a business as a sole trader in which he sells and hires out garden ipment He also repairs Wheelchairs and as consequence, maintains a ock of wheelchair parts. Paul's business is registered for Goods and Services Taxation (GST) on an accruals basis, Paul advises you of the owing transactions for the financial year (where relevant, the amounts Include GSTE 4200 was deposited on a day-bysale. The customers cancelled the by but Paul did not give a refund back on any of the money ride-on mower was hired by a customer for $330 for the day and a security deposit was taken. The ride-on-mower was returned in a good state and the security deposit was given back to the customer SW was spent on parts for wheelchairs, Paul's biggest customer for wheelchair repair is the Acacia Rehabilitation Centre for Severe Traume. As Acacia is his customer for wheelchair repair, he stocks only parts which are complaint with Schedule 3 of A New Tax System (Goods and Services Tax) Act 1999 [Cth]. $25.000 was paid to a GST un-registered supplier for a piece of garden equipment. The equipment will be used 70% of the time for business purposes and 30% of the time for private purposes. Required: With reference to legal authority, advise Paul on the GST consequences of the above transactions. Where applicable, calculate the relevant amount of GST Advise Paul whether or not an input tax credit can be claimed on any of the ransactions
