Question Priti operates a florist shop in Barton, doing a brisk trade selling fresh flowers to public servants working in the area. Priti employs a student to help her in the shop. The business is operated from rented premises. Priti also owns several residential properties which she rents out to tenants. Assume Priti is registered for GST in respect of the above and accounts for GST on an accruals basis. For the quarter ended 30 September 2022, the following transactions were reported in the accounting records maintained by Priti: Receipts (inclusive of GST where appropriate) Expenses (inclusive of GST where appropriate) Priti wants to know whether she has to charge GST on the supplies she makes and whether she can claim input tax credits on her acquisitions. Required: Consider the following answer to the Question submitted by a Minnie, a student in a similar unit to your unit: Taxable Supplies Creditable Acquisitions Using legislation, case law and IRAC problem-solving technique, answer the following questions: a) Explain whether you think Minnie's answer would score high marks for the use of IRAC problem-solving technique (do not consider as yet the correctness of the answers). If you don't think it would score high marks, offer some suggestions as to how the answer could be improved. [3 marks] b) Minnie's answer has incorrectly identified the taxable supplies that Priti makes and the GST payable. Explain why that is the case. Provide an analysis of how the law applies to each supply that Priti makes. [6 marks] c) Minnie's answer has correctly identified the creditable acquisitions in the question. Provide an analysis of how the law applies to each acquisition that Priti makes. [8 marks] d) What are the implications of a tax invoice not being received for the curtains. [3 marks] Answers that refer to the ATO website or ChatGPT will score less marks than answers that apply legislation and case law to the facts in the question. Do not calculate the net amount payable by Priti Question Priti operates a florist shop in Barton, doing a brisk trade selling fresh flowers to public servants working in the area. Priti employs a student to help her in the shop. The business is operated from rented premises. Priti also owns several residential properties which she rents out to tenants. Assume Priti is registered for GST in respect of the above and accounts for GST on an accruals basis. For the quarter ended 30 September 2022, the following transactions were reported in the accounting records maintained by Priti: Receipts (inclusive of GST where appropriate) Expenses (inclusive of GST where appropriate) Priti wants to know whether she has to charge GST on the supplies she makes and whether she can claim input tax credits on her acquisitions. Required: Consider the following answer to the Question submitted by a Minnie, a student in a similar unit to your unit: Taxable Supplies Creditable Acquisitions Using legislation, case law and IRAC problem-solving technique, answer the following questions: a) Explain whether you think Minnie's answer would score high marks for the use of IRAC problem-solving technique (do not consider as yet the correctness of the answers). If you don't think it would score high marks, offer some suggestions as to how the answer could be improved. [3 marks] b) Minnie's answer has incorrectly identified the taxable supplies that Priti makes and the GST payable. Explain why that is the case. Provide an analysis of how the law applies to each supply that Priti makes. [6 marks] c) Minnie's answer has correctly identified the creditable acquisitions in the question. Provide an analysis of how the law applies to each acquisition that Priti makes. [8 marks] d) What are the implications of a tax invoice not being received for the curtains. [3 marks] Answers that refer to the ATO website or ChatGPT will score less marks than answers that apply legislation and case law to the facts in the question. Do not calculate the net amount payable by Priti
