Source Documents Flashcards by Andrew Greco

Q

GST

A

A 10% tax levied by the ATO on sales of goods and services.

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Q

Role of SD

A

They provide evidence of transactions and give details about the transaction

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Q

SD and GST (what it needs to say )

A

They must contain

tax invoice
name of seller
ABN
description of item sold
price of transaction + GST
amount of GST

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