“it is orthodox to say people’s desire has no boundary from the time past, even in the face realistic limited resources, individual agents never stop to want more of economic output”
How will a business determine the correct lodgement requirements for its particular circumstances?
Feedback-It is fundamental that enquiries of the ATO or using a BAS Agent may be required but, have not displayed understanding of what would determine lodgement requirements (internally) for its particular circumstances
A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $16,500 (GST inclusive).
Describe how you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed and why?