GST — Questions
Write the statutory sequence. A correct GST answer should be capable of being followed like a decision tree.
Question 1 — GST architecture
Explain the net GST formula under the course framework and why GST is commonly described as a value-added tax.
Question 2 — Registration
A business is carrying on an enterprise and its turnover is approaching the threshold. Explain the role of s 23-5 and Division 188.
Question 3 — Taxable supply
State and explain every element of s 9-5, including the final GST-free/input-taxed qualification.
Question 4 — Supply
Why is the statutory definition of 'supply' broader than a sale of goods? Use Qantas as an illustration of legal characterisation.
Question 5 — Consideration
A supplier receives property rather than cash in return for services. Can there still be consideration for GST purposes?
Question 6 — Enterprise
Explain why a lease or one-off commercial property venture may require an enterprise analysis even if the taxpayer says 'I am not running a shop'.
Question 7 — GST-free vs input taxed
Explain the practical difference between a GST-free supply and an input-taxed supply.
Question 8 — Going concern
List the central statutory conditions that must be tested before a business sale can be treated as GST-free as a going concern.
Question 9 — Creditable acquisition
What must a registered purchaser prove under s 11-5 and s 11-15 before claiming an input tax credit?
Question 10 — Importations
Distinguish taxable importation from creditable importation.
Question 11 — Deposits
Explain the GST treatment of a genuine security deposit and the significance of Reliance Carpet when the deposit is forfeited.
Question 12 — Property / margin scheme
A GST-registered developer sells real property. Explain the classification questions that must be answered before deciding whether ordinary GST or the margin scheme applies.