Consider each of the following situations in relation to GST registration. Is each person required to be
Question:
Consider each of the following situations in relation to GST registration. Is each person required to be registered? If so, why?
1. Dean, a professional tuna fisherman, based in South Australia and whose annual turnover from sales of fresh tuna for export is expected to be $400,000;
2. Alan, a part time Uber and Ola driver, whose annual turnover from ride sharing is expected to be $40,000;
3. Foodsecure Ltd is a registered charity that provides fresh food and groceries at a reduced price to people in need. The annual turnover including donations is expected to be $140,000. All profits are passed back into the business;
4. Georgio is a part time gardener and also sells plants at the markets on the weekend. His annual turnover will be approximately $20,000 from part-time gardening and $35,000 from the sale of plants.
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello