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Do you put GST or HST on the balance sheet?

HST paid goes on the credit side or expenses on the balance sheet


How do you calculate annual ordering cost?

hst


How does the government collect GST?

In Canada it is the registrants who collect GST/HST from the people to whom they provide their goods and services. Depending on their filing frequency of thier GST/HST returns (monthly, quarterly or annually), they indicate the amount of GST/HST that they have collected as well as the GST/HST that they paid as inputs to their commercial activity (input tax credits). The input tax credits are deducted from the GST/HST collected and the balance (positive or negative) becomes their net tax. They then either remit (if a positive amount) or claim their "refund" (negative amount). The government doesn't actually "collect" the tax, they receive it from their tax collectors...the GST/HST registrants.


Are Indians HST tax exempt?

Indians are tax exempt on the provincial portion of the HST (8%) when they present their tax status card. For more details on this follow this link to the government communique about Indian tax status in regards to the HST: http://www.rev.gov.on.ca/en/taxchange/firstnations.html


Is HST Recoverable a debit or credit balance?

HST (Harmonized Sales Tax) recoverable is recorded as a debit balance in accounting. This reflects the amount of HST paid on purchases that a business can claim back from the tax authorities. Essentially, it represents an asset for the business, as it signifies future cash inflows when the tax is reclaimed.

Related Questions

What is the GST number on a receipt for?

Any company charging GST/HST must, by law, display their account number (also referred to as a Business Number or registration number) on any receipts, invoices, contracts, or other business papers used when charging tax on goods or services of $30 or more. If they don't provide their number, you should call CRA Business Enquiries at 1-800-959-5525 to confirm if your supplier is registered for GST/HST purposes.


What is the phone number of the Lawrenc County Civic Center Reg Hst in Monticello Mississippi?

The phone number of the Lawrenc County Civic Center Reg Hst is: 601-587-4422.


What year is a Kubota B7100 HST with serial number 69978?

The Kubota B7100 HST with serial number 69978 was manufactured in 1985. Kubota typically used a serial number system that allows for the identification of production years, and in this case, the serial number indicates it falls within that timeframe. If you need more precise identification or details, referring to a Kubota dealer or specific resources may provide additional insights.


When was the HST created?

1975 - 1982 Was The Build Date Of The HST


What is the difference between the HST and other land telescopes?

the hst is in space....


Is gst or hst included in mileage reimbursement?

Is hst included in mileage reimbursement


What time in Hst at 6 pm est?

1 PM HST. 5 hours difference between East Coast & HST right now.


What year is your Kubota L3240 hst serial number 33694?

To determine the year of a Kubota L3240 HST with serial number 33694, you can refer to the manufacturer's guidelines or contact a Kubota dealer, as they can provide specific information based on the serial number. Generally, Kubota tractors have their production years indicated within certain serial number ranges. Based on typical production timelines, the L3240 models were commonly produced between 2007 and 2013, but the exact year for your serial number would need to be confirmed through official resources.


What time is 1300 CST in HST?

1300 CST (Central Standard Time) is 9:00 AM HST (Hawaii-Aleutian Standard Time). CST is 10 hours ahead of HST. Therefore, to convert from CST to HST, you subtract 10 hours.


What is the difference between range rover hse and hst?

difference between Range Rover HSE / HST


When was the hubbe speca telescopes HST first launchad into orbit?

The HST was only launched once, in 1990 .


Is HST still working?

No, the Hubble Space Telescope (HST) is currently experiencing technical difficulties after a problem with its payload computer. NASA is working to resolve the issue and bring HST back online.