ou operate a small car yard which sells cars. Which of the following could you claim a GST input tax credit for? a. Repayments on a loan contract for the building premises. b. Council fees paid to the local council on your owned building premises. c. Costs of getting your windows cleaned once a month paid to someone as wages. d. Insurance premiums paid on the building.
ou operate a small car yard which sells cars. Which of the following could you claim a GST input tax credit for? a. Repayments on a loan contract for the building premises. b. Council fees paid to the local council on your owned building premises. c. Costs of getting your windows cleaned once a month paid to someone as wages. d. Insurance premiums paid on the building.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. You operate a small car yard which sells cars. Which of the following could you claim a GST input tax credit for?
a. Repayments on a loan contract for the building premises.
b. Council fees paid to the local council on your owned building premises.
c. Costs of getting your windows cleaned once a month paid to someone as wages.
d. Insurance premiums paid on the building.
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