Question

Give instance of non-business transaction subject to business tax?

Answer 1

Purchase of good(including GST) by individual for donations to charitable institution

Answer 2

Answer:

an interchange of goods, money or services between two or more parties. The transaction can be as brief as a cash purchase or as long-lasting as a service contract extending over years. The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.