BLAW30002 Lecture 2: Taxation Law I Week 3 Tutorial 2
15 Nov 2018
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Lemongrass pty ltd is a small company incorporated in victoria, australia. The company was incorporated in 2005 to manufacture and sell candies. The company sell its candies to a local retailer for . 50 per dozen. It also sells its candies to a retailer in vanuatu as the candies have been very popular there for . 60 per dozen. On 1 january of the current year, lemongrass pty ltd purchased a car for ,000, which it provided to its managing director as she has to do a lot of travelling for work. The car was purchased from big cars pty ltd, a large national car retailer with sales revenue in excess of a million dollars per year. Advise lemongrass pty ltd of its gst consequences arising from the above information. As lemongrass is a candy business it is therefore an enterprise and meets s 9-20(1)(a).
