taxes or duties on imported goods; reasonable tips; interest and late penalty charges related to purchases taxable at GST or HST; and reimbursements paid to employees, partners, and volunteers for taxable expenses. Do not include: expenses on which you have not paid GST/HST such as employees'...
the uniform formats, similar standards, and similar connections through the GST site. This can resolve the inter-state conflicts over e-commerce taxing and entrance taxes, and it can also eliminate duplicate taxing on comparable transactions. As an outcome, it will reduce the compliance expense. ...
In recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, collected by the landlords of commercial buildings as well as by building facility /maintenance service providers. These shocking demands are being iss...
expenditures). If you are an GST/HST registrant and your input tax credits exceed GST/HST collected on sales, you may claim a refund of the excess from Canada Revenue Agency. If you're not a registrant the GST/HST paid on expenses is included as part of the expense when computing net ...
Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities)....
Can it be argued that the OC who is retaining a higher proportion of interest as compared to its proportion of funding of the principal amount of loan is actually providing services to the arrangement, and therefore, should be paying GST on the services to the other lenders? The analysis It...
As per a MediaNama analysis, these digital lending apps use photos of famous media personalities, trusted bank logos, and misleading interest rates in the advertisements on such platforms. However, the ad policies of both companies explicitly prohibit such harmful advertising. Additionally, in 2024...
Pay the differential tax liability mentioned in Part A of form GST DRC-01B, fully or partially including interest under section 50, via form GST DRC-03 and file information thereof in Part B of form GST DRC-01B electronically on the common portal; orWithin seven days of the DRC-01B’s ...
charities do not have to add GST to the cost of donated goods that they sell on to the public. Rent on residential property does not include GST, nor does the provision of some financial services, such as mortgage and mortgage interest repayments. In Australia, basic food items are GST-fr...
Box 4 - Outstanding balance, including interest Box 5 - Total amount due Filing Frequency in Manitoba The filing frequency of RST in Manitoba is based on the average RST collected per month: monthly - the tax collected is $5,000 or more ...