Transcript - How to complete a GST/HST return
Transcript - How to complete a GST/HST return
Apr 3, 2017
canada.ca
𝐁𝐞 𝐨𝐧 𝐓𝐢𝐦𝐞! 𝐅𝐢𝐥𝐞 𝐲𝐨𝐮𝐫 𝐆𝐒𝐓𝐑-𝟕 𝐛𝐞𝐟𝐨𝐫𝐞 𝐃𝐮𝐞 𝐃𝐚𝐭𝐞! 𝐒𝐭𝐚𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭! #GST #GSTN #GSTR_7 #GSTCompliance #GSTReturn #GSTFiling #DueDateReminder #TaxUpdate #AskGSTN #StayCompliant | Goods and Services Tax Network
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𝐁𝐞 𝐨𝐧 𝐓𝐢𝐦𝐞! 𝐅𝐢𝐥𝐞 𝐲𝐨𝐮𝐫 𝐆𝐒𝐓𝐑-𝟕 𝐛𝐞𝐟𝐨𝐫𝐞 𝐃𝐮𝐞 𝐃𝐚𝐭𝐞! 𝐒𝐭𝐚𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭! #GST #GSTN #GSTR_7 #GSTCompliance #GSTReturn #G…
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Navreet Kaur on Instagram: "How does your accountant calculate your GST/HST payable or receivable? It comes down to a simple formula: 1. First, we total the GST/HST you collected from your clients on sales. This is called output tax. 2. Next, we calculate the GST/HST you paid on eligible business purchases and expenses. These are called input tax credits (ITCs). 3. Finally, we subtract the ITCs from the GST/HST collected: GST/HST Collected – GST/HST Paid = Net Amount • If the amount you collecte
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