11221 Online Problem solving Activity Mandatory Assignment

Assignment Task

Communication

Correct syntax, grammar and spelling. Clarity of thought and expression.

Demonstrated knowledge of the law

Answer reflects a good knowledge of the relevant legislation and relevant case law – an understanding of their scope and operation.

Analytical skills

Ability to identify the particular legal issues raised by the relevant facts, i.e. the questions in dispute.

Distinguishing where appropriate between different facts and different rules of law. Applying the law to the relevant facts (do the facts fit the legal rules?)

Reaching a conclusion and expressing it ("In my view " "I consider, on the basis of the facts provided, that" ….). If the legislation is open to more than one interpretation your task is to say so and to decide which one should be considered of greater weight and to state why.

Presentation

Correct citations of cases and legislation.

Layout/ setting out (use of appropriate headings - clarity, ease of reading).

Question

Priti operates a florist shop in Barton, doing a brisk trade selling fresh flowers to public servants working in the area.

Priti employs a student to help her in the shop. The business is operated from rented premises. Priti also owns several residential properties which she rents out to tenants.

Assume Priti is registered for GST in respect of the above and accounts for GST on an accruals basis.

For the quarter ended 30 September 2022, the following transactions were reported in the accounting records maintained by Priti:

Receipts (inclusive of GST where appropriate)

Priti wants to know whether she has to charge GST on the supplies she makes and whether she can claim input tax credits on her acquisitions

Required

Consider the following answer to the Question submitted by a Minnie, a student in a similar unit to your unit:

Taxable Supplies

Using legislation, case law and IRAC problem-solving technique, answer the following questions:

a) Explain whether you think Minnie’s answer would score high marks for the use of IRAC problem-solving technique (do not consider as yet the correctness of the answers). If you don’t think it would score high marks, offer some suggestions as to how the answer could be improved

b) Minnie’s answer has incorrectly identified the taxable supplies that Priti makes and the GST payable. Explain why that is the case. Provide an analysis of how the law applies to each supply that Priti makes.

c) Minnie’s answer has correctly identified the creditable acquisitions in the question. Provide an analysis of how the law applies to each acquisition that Priti makes. 

d) What are the implications of a tax invoice not being received for the curtains.

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