Question
Yang recently purchased a laptop computer from Hong Kong for $2,000. He uses the computer partly for private purposes and partly in his business. He
Yang recently purchased a laptop computer from Hong Kong for $2,000. He uses the computer partly for private purposes and partly in his business. He estimates that his business use of the laptop would be 30%. Yang is registered for GST.
Which of the following statements is correct?
(Select more than one, if appropriate.)
Yang is entitled to input tax credits of $60 on the purchase of the computer.
Yang is entitled to input tax credits of $200 on the purchase of the computer.
Yang is not entitled to input tax credits on the purchase of the computer.
Yang is liable to pay GST to the ATO of $200 on the purchase of the computer.
None of these options
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