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Questions and Answers
Which of the following is an example of a sale for GST purposes?
Which of the following is an example of a sale for GST purposes?
- Importation of goods
- Acquisition of consumables
- Giving of advice (correct)
- Purchase of trading stock
What is the purpose of a GST credit?
What is the purpose of a GST credit?
- To claim back the GST included in the price of goods and services purchased for your business (correct)
- To pay for goods and services purchased for your business
- To reduce the amount of GST owed on goods and services sold by your business
- To apply for a GST exemption
Which of the following is an example of a purchase for GST purposes?
Which of the following is an example of a purchase for GST purposes?
- Giving of advice
- Supply of other things
- Export of goods (correct)
- Lease of premises
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