Question: QUESTION 40 In preparing the business activity statement (BAS) for the period July to September 2020, the following information is supplied. Total sales that are

QUESTION 40


In preparing the business activity statement (BAS) for the period July to September 2020, the following information is supplied.

Total sales that are taxable supplies (including GST): $33,000

GST-free sales: $1,500

Export sales: $4,400

Purchases related to taxable supplies (including GST): $22,000

Input taxed supplies: $1,100

PAYG income tax instalment: $5,000

PAYG withholding tax: $2,500

What amount will be remitted to the ATO for the September 2020 BAS?









Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the amount remitted to the ATO for the September 2020 BAS we need to ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!