Express Events Ltd is registered for GST on the Invoice basis
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Express Events Ltd is registered for GST on the Invoice basis

PART B: GST

Express Events Ltd is registered for GST on the Invoice basis. You have been asked to prepare their GST return for the two months ended 31 March 20x2

You have been provided with the following information for the two months ended 31 March 20x2. All figures are GST inclusive where applicable.


The Travel and Accommodation amount includes $1,800 for a two-day business trip to Sydney.

The iPad is to be used 25% for private purposes.

Required:

Prepare the GST Return (IRD Form- GST 101A) and GST Adjustments sheet (IRD Form IR372) for Express Events Limited for the two months ended 31 March 20x2.

Hint
Accounts and FinanceGST return refers to a document that has all the information of a company’s sales, taxes collected, sales, output, and input taxes. After the filing of tax returns then the tax liability should also be settled. GST returns are essential for any taxpayer to file even after the deadline has passed....
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