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BFA104 Goods and Services Tax Assignment Sample

Subject Code : BFA104
University : University of Tasmania My Assignment Services is not sponsored or endorsed by this college or university.
Subject Name: Accounting and Finance

Why and How Penny Should Register Her Business to GST The goods and services tax in Australia is a value added tax of 10% on most goods and services sales. GST is levied on most transactions in the production process, but is refunded to all parties in the chain of production other than the final consumer. As the Penny White currently operating as a sole trader, should surely register for GST as the business of Penny is growing and turn…