Project 2 1. Once you have prepared the GST calculation sheet and the draft BAS, what further action would you take? 30 words Question 4 Briefly summarise GST regulations and obligations with...

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Project 2


1. Once you have prepared the GST calculation sheet and the draft BAS, what further action would you take? 30 words


Question 4




  • Briefly summarise GST regulations and obligations with reference to GST classifications and relevant materials and provide the correct BAS code for each of the tabled activities. 150 words








































    Activity



    BAS code



    Total sales



    Export sales



    Other GST-free sales



    Capital purchases



    Non-capital purchases



    GST on sales



    GST on purchases







Answered 1 days AfterMar 01, 2021

Answer To: Project 2 1. Once you have prepared the GST calculation sheet and the draft BAS, what further action...

Jyoti answered on Mar 03 2021
151 Votes
Project 2
1. After preparation of calculation sheet and draft BAS, checking of BAS will be done and
signed BAS will be lodged with ATO and payment will be made.
2. Following types of supplies are classified under GST Act, 1999:
(i) Taxable sale (Section 9-5): Taxable sale refers to the GST term ‘taxable supply’. A taxable supply happens when you are either registered or required to be registered...
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