when you buy things it will be added to your bill. if your a business then yes you will have to pay the government directly
GST payable is the amount of GST incurred by other parties, to be offset against GST receivable. GST receivable and GST payable are used to determine the amount of GST a business can claim. this occurs when you purchase something.
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
ex = not including GST = Goods and Services Tax Example: Price $10 ex GST, 10% GST rate GST tax on $10 is 10% of $10 = 1$ Total Price is $10 + $1 = $11
GST is first applied ,then PST.
Yes, they should be exclusive of GST, as you would be overstating your expenses and understating GST paid.
Yes, as long as the auctioneer has a GST registration (does more than $50k business in a year) - everyone, whether resident in Alberta or not would have to pay the GST.
No you don't. At least not in Australia.
yes
GST registration process GST registration eligibility GST registration documents GST registration requirements GST portal registration GST registration application GST registration form GST registration fee GST registration number GST registration status GST registration update GST registration amendment GST registration cancellation GST registration renewal GST registration certificate GST registration guidelines GST registration timeline GST registration verification GST registration online GST registration offline GST registration for businesses GST registration for individuals GST registration for exporters GST registration for importers GST registration compliance GST registration penalties GST registration audit GST registration queries GST registration helpline GST registration assistance
We do not have a VAT system nor a GST one.
I assume you are in the Canadian market and the taxes are in Canada. When buying from a dealer you should expect to pay 13% of tax, both GST and PST. But when buying from a private person you are only responsible for 5% GST.
GST payable is the amount of GST incurred by other parties, to be offset against GST receivable. GST receivable and GST payable are used to determine the amount of GST a business can claim. this occurs when you purchase something.
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
GST is a different interest rate in different countries. Multiply 15 by 100 percent minus whatever your GST percentage is. For example, if your GST is 10 percent, 90 percent of 15.00 is 13.50
ex = not including GST = Goods and Services Tax Example: Price $10 ex GST, 10% GST rate GST tax on $10 is 10% of $10 = 1$ Total Price is $10 + $1 = $11
275 + 10% = 275 * 1.1 = 302.50
GST is fun