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General Services and Merchandise For Period October 2021 Sold 40 boxes of...

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Accounting

General Services and Merchandise

For Period October 2021

  1. Sold 40 boxes of imported T-shirts to Isis- at $80 per box. Standard Rating

  1. Sold 200 bags Fertilizer to Jahscholm for use on his farm at $100 per bag. Jahscholm is a citrus farmer but tells the seller he has a GST TIN which is 100256. Zero rated

  1. Sold 20 refrigerators to Chon Saan Restaurant for use in their new mega restaurant located in Placencia. Each fridge sold for $1,000. Zero rated

  1. Owned a bus that provides express service between San Ignacio and Belize City. Bus tickets Sales for period is $20,000.

  1. Bought 80 refrigerators from General Electric in Miami in same month. CIF value as $66,000.

  1. The light bill for same period was $1,000.

  1. Bought locally from other vendors and was charged $500 in GST.
  2. Compute GST Return for October 2021.

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