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The question is related to the Australian tax 2018 (a) Discuss the importance of the concepts...

The question is related to the Australian tax 2018

(a) Discuss the importance of the concepts “taxable supply”, and “taxable importation” to
understanding the GST, and explain the difference between “taxable supply”, “GST
free supply”, and “input taxed supply”.

(b) Describe the steps involved in calculating “net capital gain”, and “net capital loss”.

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(a)

(b)

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