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What is the difference between GST and RGST?
The transition from General Sales Tax (GST) to Reformed General Sales Tax (RGST) has become an intricate and controversial topic for no particular reason. Let me start the discussion by acknowledging that RGST is not a new tax as generally perceived, rather it is the old GST which when fully implemented would be a sufficiently broadened and extended version of the existing GST.
Goods and services tax Who introduced the GST in Canada?
Brian Mulroney introduced the Tax while Prime Minister in 1991.
You move along a given demand curve?
Which is the following example of factor that would move a demand curve? A) increase gst b)decrease in cost of raw material c)decrease in subsidy d)decrease in price of complemantery goods
Why are some items taxed and others not?
The reason why some items are taxed because they have been processed.For example the reason why the cooked chicken is taxed because it has been cooked and seasoned making it much more expensive.If you want to find out the GST of an item you have to:the cost of the taxed item x 1/11 (one eleventh) = This will give you the final cost without the tax included.I hope this helps you out : ) Good Luck on you assignment or exam.
Number of tax payers in Canada?
Based on an income census by StatsCan, the number of Canadians making $10,000 or more in 2005 through full-time, part-time, seasonal or other work was 13,763,940. Since you begin paying federal and provincial income tax after hitting $8,000 or $9,000, this is a rough approximation. (Does not include PST or GST payers).Taken from:http://www12.statcan.ca/english/census06/data/topics/RetrieveProductTable.cfm?ALEVEL=3&APATH=3&CATNO=97-563-XCB2006068&DETAIL=0&DIM=&DS=99&FL=0&FREE=0&GAL=&GC=99&GK=NA&GRP=0&IPS=97-563-XCB2006068&METH=0&ORDER=&PID=96284&PTYPE=88971&RL=0&S=1&ShowAll=&StartRow=&SUB=&Temporal=2006&Theme=81&VID=&VNAMEE=&VNAMEF=
GST Related Tags?
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
Is GST outlays an asset?
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
What is 15.00 minus gst?
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
What does ex GST stand for?
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
How does GST work in Australia in regards to small businesses?
GST is fun
Does nett price include GST?
Nett Price does not include GST
What tax is applied first PST or GST?
GST is first applied ,then PST.
When was GST Computer Systems created?
GST Computer Systems was created in 1979.
When is GST payable?
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.
How do you calculate gst from an item?
Goods and Services Tax or GST refers to the indirect tax levied on the supply of goods and services. GST is a comprehensive tax levied on the manufacture, sale and consumption of goods and services in the country. Calculate GST interest rates using this free online GST calculator. Input values to get quick results. Click here to use this free GST calculator. https:// toponlinetool .com/gst-calculator/
What is GST Registration?
GST registration refers to obtaining a Goods and Services Tax (GST) registration number from the relevant tax authorities in a country that has implemented GST. GST is a consumption-based tax system applied to the supply of goods and services, and the national or state-level tax authorities typically administer it.
Should Accrued expenses be exclusive of GST goods and service tax?
Yes, they should be exclusive of GST, as you would be overstating your expenses and understating GST paid.
