in this assessment should consult a range of learning source, Question 1: Answer the following questions based on a new tax system (Goods and...

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in this assessment should consult a range of learning source,

Question 1: Answer the following questions based on "a new tax system (Goods and Services Tax) Act 1999":

1. How would you determine whether the sales that you have made are taxable sales or not?
2. When will you pay Goods Sale Tax on the taxable sales you made? W

How will you, account for these taxable sales?

Question 2: Assume that, you carry on an enterprise and you have a Goods and Services Tax turnover of $125,000. What are the regulatory requirements that you must comply with? 

Question 3: Answer the following:

1. What are the key requirements of ATO for issuing tax invoices for your taxable sales?
2. What information must be present in the tax invoices for taxable sales of $1,000 or more?

Question 4: As per the "Tax Agent Services (Specified business activity statement