Question: Question 4 (6 points) Saved (a) Perfect Printing is a business registered for GST and it lodges its Business Activity Statement (BAS) at the
Question 4 (6 points) Saved (a) Perfect Printing is a business registered for GST and it lodges its Business Activity Statement (BAS) at the end of each quarter. For the quarter ending 30 September 2022, Perfect Printing recorded the following transactions: Transactions Paid cash to suppliers for inventory purchased in previous months Provided service to local customers on a cash basis Paid for various operating expenses (not including wages) Paid wages (net) PAYG Withheld Purchased and paid for new equipment Note: the above amounts include GST where appropriate. Required: $ 11,100 97,350 71,830. 88,000 22,000 59,499 Based on the information above, calculate the amount payable to or refundable from the ATO for the quarter ending 30 September 2022. (4 marks) (b) Perfect Printing's owner, Mukesh, withdrew money from the business to purchase a new computer for personal use. Advise Mukesh on whether he can claim the GST back from the purchase. Explain why or why not. (2 marks)
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