GST Sales
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Questions and Answers

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?

  • 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?

  • Giving of advice
  • Supply of other things
  • Export of goods (correct)
  • Lease of premises
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