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What is treatment of layby sale in GST

Assignment Help Taxation
Reference no: EM131864121

TAX LAW QUESTIONS

There are 3 questions.

Q1. Mark is a toy consultant, has consulting fee of $400000 for this year 2017. So, $350000 was received on or before 30 June 2017. The remaining amount of $50 000 received in the month of July 2017. Is Mark allowed to use cash or accrual accounting for tax purposes?

Q2. What is treatment of layby sale in GST and treatment of security deposit in GST of Australia?

Q3. Explain treatment of in-house and external Property Fringe Benefit in Australia in relation to section S 51.

Reference no: EM131864121

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What is treatment of layby sale in GST : TAX LAW QUESTIONS - What is treatment of layby sale in GST and treatment of security deposit in GST of Australia
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Reviews

len1864121

2/15/2018 3:41:11 AM

Just up to point will do , since its not assignment, its exam possible questions, so maybe one paragraph each . Question 2 and question 3 are definition types . Question 1 is tax law case type . No calculations involved. Hints: Tax ruling Find cases 98/1 of ATO. You can give me a list from online. Take one opinion only, either cash or accrual. What will Mark choose? If cash why or if accrual why? State reasons.

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