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On the Taxation Law UTILIZATION Name of the University Author

   

Added on  2020-03-23

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Running head: TAXATION LAWTAXATION LAW UTILIZATIONName of the StudentName of the UniversityAuthors Note
On the Taxation Law UTILIZATION Name of the University Author_1

1UTILIZATION OF TAXATION LAWTable of ContentsAnswer to Question 2:................................................................................................................2Answer to question 3:.................................................................................................................5Answer to question 4:.................................................................................................................7References:.................................................................................................................................8
On the Taxation Law UTILIZATION Name of the University Author_2

2UTILIZATION OF TAXATION LAWAnswer to Question 2: Issue that arised in this case: Issue that arised shows the situation of Big Bank which is measured for evaluating theinput tax credit with respect to the advertising expense that is incurred with under law sectionGSTR Act 1999. Law used: a.GST Act 1999b.Paragraphs 11-5 and 15-5c.Subsection 15-25d.Goods and Service taxation ruling of GSTR 2006/3e.Ronpibon Tin NL v. FC of TApplication: Goods and Service tax law of GSTR 2006/3 shows the methods that can be followedto evaluate the input tax credit in accordance with management for alteration that is followedby financial suppliers under the new system of tax GST Act 19991. Current scenario of Big Bank shows that, Big Bank Ltd has incurred an expense of$1,650,000 as GST which was added to advertisement expense in the prior year. Thus BigBank Ltd follows law under the section GSTR 2006/3 because the company is recognized aseligible for input tax credit. According to the law if an entity is registered or required toobtain registration, GST then it shall be liable for creation of taxable supplies. The framework1James, S., Sawyer, A. and Wallschutzky, I., 2015. Tax simplification: A review of initiatives in Australia, New Zealand and the UnitedKingdom.eJournal of Tax Research,13(1), p.280.
On the Taxation Law UTILIZATION Name of the University Author_3

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