Question
Violate Pty Ltd is a Perth based company which was established in 2015. The company specializes in newborn baby items such as clothes, prams, and
Violate Pty Ltd is a Perth based company which was established in 2015. The company specializes in newborn baby items such as clothes, prams, and car seats. The company has been trading all over Australia and internationally since it started its business in 2015. Generally, the companys sales revenue exceeds $120,000 each year. For the financial year 2022, the company has the following transactions.
The company sells 6 packs of baby clothes for $9 to retailers all over Australia.
The company sells its car seat for $250 for retailers in Australia.
The company sells 50% of its prams to Asian market and 50% of its prams for Australian market. The price for the prams is $350.
The company purchased a car from Oz Car Retailers Pty Ltd which is an Australian based company. The price of the car was $25,000. Oz Car Retailers Pty Ltd has an annual income of over $ 2 million.
You are required to assess the GST implications of the above transactions for Violate Pty Ltd
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