How does a zero-rated business report GST/HST? A zero-rated business is any small business with sales under
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How does a zero-rated business report GST/HST?
A zero-rated business is any small business with sales under $30,000 and can charge 0% HST/GST.
- A zero-rated business will charge the appropriate GST/HST but cannot claim input tax credits.
- A zero-rated business charges GST/HST at 0% of sales but is allowed to claim input tax credits.
- A zero-rated business is exempt from charging GST/HST and cannot claim input tax credits.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: