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Evidence Guide: TLIX0043 - Determine indirect taxes

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

TLIX0043 - Determine indirect taxes

What evidence can you provide to prove your understanding of each of the following citeria?

Assess applicability of indirect taxes to goods, commodities and transactions

  1. Basic application of goods and services tax (GST), taxable supplies, GST-free supplies, input tax credits, creditable acquisitions and importations, taxable importations, delivered duty paid (DDP) transactions, GST deferral, wine equalisation tax (WET) and luxury car tax (LCT) are identified
Basic application of goods and services tax (GST), taxable supplies, GST-free supplies, input tax credits, creditable acquisitions and importations, taxable importations, delivered duty paid (DDP) transactions, GST deferral, wine equalisation tax (WET) and luxury car tax (LCT) are identified

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Applicability of indirect taxes to goods and commodities is identified

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Exemptions and special provisions relating to indirect taxes are identified

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Calculate indirect taxes

  1. Relevant information such as overseas freight and insurances is obtained as required
Relevant information such as overseas freight and insurances is obtained as required

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Correct rate of indirect tax on goods and services is identified and applied in accordance with legislative requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Applicable indirect tax is calculated

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge