The correct answer is January 1, 1991.
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The Goods and Services Tax (GST) was introduced in Canada on January 1, 1991.
Brian Mulroney introduced the Tax while Prime Minister in 1991.
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
GST is fun
Nett Price does not include GST
GST Computer Systems was created in 1979.
GST is first applied ,then PST.
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.