Legt2751 Mid Sem
A s ae o . s h r d n. .
SCHOOL OF BUSINESS LAW AND TAXATION
GST Free Supplies
diffe.irom npur Taxed Supprtes for cST pu.poses in rhar:
LEGT 2751 BUSINESS TAXATION
MIJI,TIPI,IE CHOICE TEST 52
2OO9
(a)
Wilh an nput laxed suppy the enlerpnse makno the supoiv does nol charge GST on lh6 supply and does not gei an nput tax credit for GST paid on pu.chas€s lhat reate to the input iax€d supply With a GSTffee suppy lh€ ontsrprise making the suppy do€s nol charge Gst on rhe suppy and does not pay GsT on ts purchases lhar relate io lhe suppy charqe GST oi the suppy and do€s not get an nput tax cr€dit for the GST pad on lne purchases that rerate 1o the suppy. With a csTf@e suppy tlre enloDrs€ maklng lhe supply does nol charae GsT on the suppy blt geG an input lax cedl lor the purchases rhat retab to lh€
FEEDBACK TO STUDENTS
I hc rvcnsc
wlh
an inpul taxed suppy tlre enteQ se makng the suppy does nol
mrk
rbr rrc
'cs
&\
r:l rq
th. igh$tmrk wb
18/20
rhc lbllowingiocumcituo x,is
Wilh a GST ti€e supply lhe enterpdse makng the suppy does not pay GSTon ls purchas€s but musl charge GSI on ils suppties Wlthen npul taxed supply rhe €nt€lpris€ maki.g (he supply does nol charoe Gsr on the supply and does notgol.n npul lax credit for GST pa d on puEhases thal relate to $e nputlax€d slppy
(r) (b) r, comncnron hoq $cll studq,ls!sawhol.pc'romrcdon cnch lrchils orthc romcr rnswcr rbr cach qucstioni and
J rbJ ".o-!dc qc, fn cd l q Fri l ' srrdcns vho lailcd rhc ra should .onracr John Taylor via c mail d.hiled fcedback .rtr . r'Lf\r.ntr b rtunsc an xppolntmcnt to obtain l \Fl'n
'
aborl thcn pcrlbnaicc n rhc tc$.
wirh a GsT fiee suppiy rhe enteDdse does notcha.ge GsT on rhe suppty bul gels an input l.x credit for the purchases thal €bte to rhe suppy With an npul laxed supply the enteFrise makng tho suppy does not charge GsT on the suppy and does nol pay GsT on rhe purchases ihar
(e)
None orlhe above.
'norc
SCHOOL OF BUSINESS LAW AND TAXATION
GST Free Supplies
diffe.irom npur Taxed Supprtes for cST pu.poses in rhar:
LEGT 2751 BUSINESS TAXATION
MIJI,TIPI,IE CHOICE TEST 52
2OO9
(a)
Wilh an nput laxed suppy the enlerpnse makno the supoiv does nol charge GST on lh6 supply and does not gei an nput tax credit for GST paid on pu.chas€s lhat reate to the input iax€d supply With a GSTffee suppy lh€ ontsrprise making the suppy do€s nol charge Gst on rhe suppy and does not pay GsT on ts purchases lhar relate io lhe suppy charqe GST oi the suppy and do€s not get an nput tax cr€dit for the GST pad on lne purchases that rerate 1o the suppy. With a csTf@e suppy tlre enloDrs€ maklng lhe supply does nol charae GsT on the suppy blt geG an input lax cedl lor the purchases rhat retab to lh€
FEEDBACK TO STUDENTS
I hc rvcnsc
wlh
an inpul taxed suppy tlre enteQ se makng the suppy does nol
mrk
rbr rrc
'cs
&\
r:l rq
th. igh$tmrk wb
18/20
rhc lbllowingiocumcituo x,is
Wilh a GST ti€e supply lhe enterpdse makng the suppy does not pay GSTon ls purchas€s but musl charge GSI on ils suppties Wlthen npul taxed supply rhe €nt€lpris€ maki.g (he supply does nol charoe Gsr on the supply and does notgol.n npul lax credit for GST pa d on puEhases thal relate to $e nputlax€d slppy
(r) (b) r, comncnron hoq $cll studq,ls!sawhol.pc'romrcdon cnch lrchils orthc romcr rnswcr rbr cach qucstioni and
J rbJ ".o-!dc qc, fn cd l q Fri l ' srrdcns vho lailcd rhc ra should .onracr John Taylor via c mail d.hiled fcedback .rtr . r'Lf\r.ntr b rtunsc an xppolntmcnt to obtain l \Fl'n
'
aborl thcn pcrlbnaicc n rhc tc$.
wirh a GsT fiee suppiy rhe enteDdse does notcha.ge GsT on rhe suppty bul gels an input l.x credit for the purchases thal €bte to rhe suppy With an npul laxed supply the enteFrise makng tho suppy does not charge GsT on the suppy and does nol pay GsT on rhe purchases ihar
(e)
None orlhe above.
'norc