Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
Which of the following goods and services are exempt from GST in Australia?
Which of the following goods and services are exempt from GST in Australia?
- Food and beverages
- Medicines and medical services (correct)
- Electronic goods
- Transportation services
What is the GST rate in Australia?
What is the GST rate in Australia?
- 15%
- 5%
- 10% (correct)
- 8%
When is a nonprofit organization required to register for GST in Australia?
When is a nonprofit organization required to register for GST in Australia?
- When their annual turnover is $75,000 or more
- When their annual turnover is $150,000 or more (correct)
- When their annual turnover is $100,000 or more
- When their annual turnover is $50,000 or more
Who is required to register for GST within 21 days in Australia?
Who is required to register for GST within 21 days in Australia?
Signup and view all the answers
What is the purpose of claiming credits for GST in Australia?
What is the purpose of claiming credits for GST in Australia?
Signup and view all the answers
Which statement is true about claiming GST credits for purchases used for both business and private use?
Which statement is true about claiming GST credits for purchases used for both business and private use?
Signup and view all the answers
Which of the following is true about lodging and paying your Business Activity Statement (BAS) in Australia?
Which of the following is true about lodging and paying your Business Activity Statement (BAS) in Australia?
Signup and view all the answers
Is it necessary to lodge a nil statement for your Business Activity Statement (BAS) if you have nothing to report?
Is it necessary to lodge a nil statement for your Business Activity Statement (BAS) if you have nothing to report?
Signup and view all the answers
