Taxation

This document explains the principles of GST and CGT and their implications. The first answer discusses the eligibility of input tax credit for a company that has availed registration under GST. The second answer calculates the CGT implications for Emma on the sale of her assets. The document provides a reference to FC of T v Reliance Carpet Co Pty Ltd 2008 ATC ¶20-028, The Goods and Services Tax 1999, and The Income Tax Assessment Act 1997 (Cth).