Nigel's Automotive Parts is a small business registered for the GST. They report their GST obligations...

 

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Nigel's Automotive Parts is a small business registered for the GST. They report their GST obligations to the ATO on their BAS statement mthly. During the month of March- 2022, the business had the following GST inclusive sales and GST inclusive purchases: GST Inclusive Sales Mar-01 $ 726.00 Mar-05 $ 1,320.00 Mar-12 $ 264.00 Mar-20 $ 1,056.00 Mar-25 $ 506.00 GST Inclusive Purchases Mar-02 $ Mar-08 $ Mar-15 $ Mar-18 $ Mar-23 $ 220.00 132.00 451.00 374.00 462.00 Will Nigel's Automotive Parts receive a refund from the ATO or have an amount owing to the ATO for the month of March 2022? How much is the refund/amount owing to the ATO for the month of March 2022? Nigel's Automotive Parts is a small business registered for the GST. They report their GST obligations to the ATO on their BAS statement mthly. During the month of March- 2022, the business had the following GST inclusive sales and GST inclusive purchases: GST Inclusive Sales Mar-01 $ 726.00 Mar-05 $ 1,320.00 Mar-12 $ 264.00 Mar-20 $ 1,056.00 Mar-25 $ 506.00 GST Inclusive Purchases Mar-02 $ Mar-08 $ Mar-15 $ Mar-18 $ Mar-23 $ 220.00 132.00 451.00 374.00 462.00 Will Nigel's Automotive Parts receive a refund from the ATO or have an amount owing to the ATO for the month of March 2022? How much is the refund/amount owing to the ATO for the month of March 2022?

Answer rating: 100% (QA)

GST inclusive Sales Date GST inclusive sales Sales GST March 01 726 660... View the full answer