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Tanya Tassle owns Born Again Bags,a not for profit business that is registered for GST. Born Again Bags supports the diversion of post-consumer material (waste)
Tanya Tassle owns Born Again Bags,a not for profit business that is registered for GST. Born Again Bags supports the diversion of post-consumer material (waste) into reusable bags to replace plastic bags.Fabric is gathered or donated and made into cloth bags which are sold to customers via an online shop.
Type of expenses :
- Fabric and thread purchases
- Fabric donated (Market value $3000)
- Subcontractors (not registered for GST)
- Rent
- Lunch at local restaurant
- Accomodation for staff at conferences (Hotel)
- Airfares for staff to attend conferences
- Bookkeeping services
- First Aid courses for staff members
- New sewing machine
- Business loan ( Principal $450 and interest $50)
- Imported goods from Canada
- Freight
- Wages
- Superannuation
Explain the requirements to be a taxable supply under SubDiv 9, Sections 9-5 GST Act 1999 Australia and Sections 11-5 GST Act 1999 to be a creditable acquisition and how this apply to Tanya Tassle
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