Font size
WorksheetsGST
Total questions: 16
Worksheet time: 7mins
Select the GST free items
Milk
Soft drink
Biscuits
Tea
Cheese
Select items that attract GST
Milk
Soft drink
Biscuits
Tea
Cheese
GST (tax) credits is classified as;
current asset
current liability
non-current asset
non-current liability
GST payables is classified as;
current asset
current liability
non-current asset
non-current liability
To register for GST a business needs to earn $_____ in annual sales
$25,000
$50,000
$75,000
$100,000
Calculate the GST: Purchased a car for $20,000 GST exclusive
$200
$220
$2,000
$2,200
Calculate the GST: Paid Garden Bag service $330 GST inclusive
$3
$30
$33
$300
Calculate the GST owed to the ATO: GST credits $150, GST payables $200
$50
$150
$200
$350
Calculate the GST owed to the business: GST credits $750, GST payables $400
$350
$400
$750
$1,150
Another name for GST collected is:
GST payables
GST tax credits
GST credits
GST outlay
You purchase a phone for $220 inclusive of GST. How much GST are you paying?
22
20
21
200
You purchase a new laptop for $500 excluding GST. What is the price including GST?
505
525
50
550
Business report GST to the ATO by using which statement
Business Activity Statement
Business Asset Statement
Buying Activity Statement
Building Asset Statement
When was the GST introduced in Australia?
1 June 2000
1 July 2000
1 September 2000
1 July 1999
