DiMarco Enterprises Pty Ltd ( DME ) is a family - owned company that has operated in
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Question:
DiMarco Enterprises Pty Ltd DME is a familyowned company that has operated in the ACT for over years. DME currently operates the following businesses:
Fresh food fruit & vegetables wholesaling business in Fyshwick;
Property Development Business building and selling new homes around the
ACT region;
Home Loans business providing home loans to buyers of new homes sold
by DME.
For the month ended September DME made the following supplies to
customers and tenants including GST where applicable:
Sales Fresh Food $
Sales New Residential Property $
Home loans Residential Property $
DME purchased new computer equipment from JB Hi Fi during the month for the
GST inclusive price of $ The computer equipment is used in the DME Head
Office that manages all of the DME businesses.
Assume DME is registered for GST
Required:
Using legislation, case law and IRAC problemsolving technique, fully explain the
GST consequences of the above.
Ensure you explanation includes a consideration of whether any of the supplies that
DME makes are taxable supplies and if not, why not and whether DME makes any creditable acquisitions.
Do not consider the financial acquisitions threshold
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
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