What is good and services tax


Question 1: What are the record keeping requirements by the business? What process would you follow in your business to record keeping and filing of calculations?

Question 2: What is Good and Services Tax (GST) and what are the requirements for GST?

Question 3: If you buy an item for $121 inclusive of GST, how much GST did you pay?

Question 4: GST amount for an item that costs $150 excluding GST. Calculate the price of an item that costs $200 excluding GST.

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Accounting Basics: What is good and services tax
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