Find from following each situation whether it is Taxable supply or GST Free supply or Input taxed supply? Explain your answer with relevant section number and how much GST, if any, is included in the following situation.

a) A residential course, offered by a regional University, leading to a Graduate Diploma in Australian Law. The course cost is $35,000 comprising $25,000 for course fees and $ 10,000 for accommodation and meals.

 

b) Life insurance policy $75,000.

 

c) Sale of $25,500 of a photocopier for use in a part-time advertising agency.

 

d) Day care service $24,450.

e) Teeth whitening service fee of $16,500

 

f) The sale of $330 fruit by a grocer.

g) The sale of $1.5 million shares in a company.

Answer rating: 100% (QA)

A Residential Course of Graduate Diploma Educational services are exempt from GST but fees of 35000 ... View the full answer