Taxation

• Internal Code :
• Subject Code : HI6028
• University : Holmes Institute
• Subject Name: Taxation

Assessment  QUESTION 1 GOODS AND SERVICE TAX Goods and service tax refers to as a value added tax. In Australia, GST is levied at a rate of 10% on most of the goods and services sold. This tax is charged on every stage of the transaction but is refunded to everyone present in this chain of transaction except the final consumer. The tax of GST is a consumption based tax that is the person consuming would be the one paying the tax. (G…

• Internal Code :
• Subject Code : ACC3TAX
• University : La Trobe University
• Subject Name: Taxation

Assessment  Table of Contents Taxation  Issue 1- Whether the PSI rules are applicable  Determination of PSI or PSB by applying the PSI tests  Issue 2 : Whether income should be reported using cash basis or accrual basis of accounting  Determination of the suitable method  Issue 3 – Deductibility of Business expenses  Determination of the above issue  Issue 4: Taxability of c…

• Internal Code :
• Subject Code : ACC3TAX
• University : La Trobe University
• Subject Name: Taxation

Group Assignment – Case Study Table of Contents Taxation  Issue 1- Whether the PSI rules are applicable  Determination of PSI or PSB by applying the PSI tests  Issue 2 : Whether income should be reported using cash basis or accrual basis of accounting  Determination of the suitable method  Issue 3 – Deductibility of Business expenses  Determination of the above issue  Issue…