Payments
110,000
5,500
65,000
11,000
3,300
1,400
22,000
5,500
REQUIRED
Purchase general goods
Maintenance cost for the residential apartment
Salary paid to employees
Purchase of Shelving
Rates on the shop building paid to the Council
Water expenses paid to Landlord as part of Rent
Rent paid on the shop
Purchase of imported goods from Thailand
Discuss the GST implications of each of the above transactions. Advise Local Stores Pty Ltd of the Net GST payable/refundable
for the March 2024 Business Activity Statement. Provide justification for your calculations using legislation, case law and rulings
where necessary.
