Goods and services tax fundamentals

Portrait of happy woman standing at doorway of her store holding digital tablet. Cheerful mature waitress waiting for clients at coffee shop. Successful small business owner in casual clothing and grey apron standing at entrance and looking at camera.


Unit details

Level:   Professional 

Estimated learning duration:   10 hours

 CPD:   10 hours

Assessment: Part 1: 20 multiple choice questions within 60 minutes. 75% pass mark.
2 attempts permitted.

Part 2: 6 scenario-based multiple choice questions within 45 minutes. 80% pass mark.
2 attempts permitted.

Assumed knowledge: 

It is recommended that you have an understanding of the taxation of income and income tax deductions as well as an awareness of what constitutes a business, a partnership and a trust before undertaking this unit.

Learning outcomes:

  • Calculate a tax entity’s net GST payable/refundable in non-complex scenarios.
  • Explain how the GST system is administered.