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Your new client Amy has come to see you in regards to her new business. Amy started trading as a GP (General Practitioner doctor performing

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Your new client Amy has come to see you in regards to her new business. Amy started trading as a GP (General Practitioner doctor performing services under the Medicare Benefits Scheme) 3 months ago and has not yet registered for GST as her turnover is under $75000 so far. Amy would like to understand more about how GST works as she wants to do the right thing. She anticipates her income and expenses for the following quarters will be similar to the last quarter. Amy has friends who are doctors in the same field as her that have turnover under $75000 a year and have chosen to register for GST but she is confused as to why they would choose to do so when there is so much more paperwork involved Assuming Amy only purchases from large suppliers Amy's income and expenses for the quarter are as follows: Income Medical fees S22000 $11 $22 Expenses Staff wages 55000 Water for patients in waiting room $55 Bank fees on cheque account Fuel for business trips S33 Interest business set up loan $220 Paper cups Stationery SSS Required: Advise Amy on what a taxable supply is the requirements around registration for GST and how these rules apply to Amy's circumstances. Cite relevant legislation or case laws to support your answer. 13 Marks Provide Amy with an answer as to why other doctors may choose to register for GST when they don't have 10. Your new client Amy has come to see you in regards to her new business. Amy started trading as a GP (General Practitioner doctor performing services under the Medicare Benefits Scheme) 3 months ago and has not yet registered for GST as her turnover is under $75000 so far. Amy would like to understand more about how GST works as she wants to do the right thing. She anticipates her income and expenses for the following quarters will be similar to the last quarter. Amy has friends who are doctors in the same field as her that have turnover under $75000 a year and have chosen to register for GST but she is confused as to why they would choose to do so when there is so much more paperwork involved Assuming Amy only purchases from large suppliers Amy's income and expenses for the quarter are as follows: Income Medical fees S22000 $11 $22 Expenses Staff wages 55000 Water for patients in waiting room $55 Bank fees on cheque account Fuel for business trips S33 Interest business set up loan $220 Paper cups Stationery SSS Required: Advise Amy on what a taxable supply is the requirements around registration for GST and how these rules apply to Amy's circumstances. Cite relevant legislation or case laws to support your answer. 13 Marks Provide Amy with an answer as to why other doctors may choose to register for GST when they don't have 10

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