ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Accounting => Topic started by: teexo on November 11, 2013, 08:16:00 am

Title: GST
Post by: teexo on November 11, 2013, 08:16:00 am
I heard that we don't get told about what has gst this year, what exactly does that mean are they going to write $110 and expect us to know that gst is already included? also what amounts always include gst like sales, and what doesn't?
Title: Re: GST
Post by: Damoz.G on November 11, 2013, 08:20:22 am
I heard that we don't get told about what has gst this year, what exactly does that mean are they going to write $110 and expect us to know that gst is already included? also what amounts always include gst like sales, and what doesn't?


Well things like Interest, Loan Repayments, Wages, etc don't have GST. So you're expected to know that.

They will tell you if a figure has GST or not.
Title: Re: GST
Post by: teexo on November 11, 2013, 08:25:44 am
ohh okay, thank you! good luck for today (:
Title: Re: GST
Post by: Damoz.G on November 11, 2013, 08:31:40 am
ohh okay, thank you! good luck for today (:


No worries! Thank you. :)