Which of the following statements in relation to GST are correct? a. Imports do not attract GST as they originate outside of Australia b. University Fees are GST Free c. Contact lenses are considered GST Free d. Residential rent is considered a taxable supply.

Which of the following statements in relation to GST are correct? a. Imports do not attract GST as they originate outside of Australia b. University Fees are GST Free c. Contact lenses are considered GST Free d. Residential rent is considered a taxable supply.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA1: International Financial Reporting Standards

Section: Chapter Questions

Problem 6MCQ

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Question

Which of the following statements in relation to GST are correct?

	a.	Imports do not attract GST as they originate outside of Australia
	b.	University Fees are GST Free
	c.	Contact lenses are considered GST Free
	d.	Residential rent is considered a taxable supply.

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