Question: With respect to zero - rated supplies, A . the GST rate is zero, but the applicable HST rate applies B . the GST and

With respect to zero-rated supplies,
A. the GST rate is zero, but the applicable HST rate applies
B. the GST and PST rate are both zero
C. the GST and HST rate are both zero
D. the HST rate is zero, but the GST rate applies
With respect to zero-rated supplies, A. the GST rate is zero,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

You are a tax assistant in a firm of Chartered Accountants. The firm has are part of a team that deals with small tax payers operating in Zambia. Your Tax senior has assigned you some responsibilties...

Q:

Exercise 1 We have data of a trade establishment in a month as follows: At the beginning of the month, 10,000 units of product X are left in stock. The before-VAT price of these products is VND50,000...

Q:

Exercise 1 We have data of a trade establishment in a month as follows: At the beginning of the month, 10,000 units of product X are left in stock. The before-VAT price of these products is VND50,000...

Q:

The following summary of transactions were obtained from the books of Zawadi Ltd., a company registered for value added tax (VAT) for the month of October 2020: Sh. Sales at standard rate 1,480,000...

Q:

Old MathJax webview The following summary of transactions were obtained from the books of Zawadi Ltd., a company registered for value added tax (VAT) for the month of October 2020: Sh. Sales at...

Q:

The following summary of transactions were obtained from the books of Zawadi Ltd., a company registered for value added tax (VAT) for the month of October 2020: Sh. Sales at standard rate Exports to...

Q:

Taxation table Income Tax Standard personal income tax rates Income band Taxable amount Rate K1 to K39,600 first K39,600 0% K39,601 to 49,200 next K9,600 25% K49,201 to K74,400 next K25,200 30% Over...

Q:

With respect to zero-rated supplies, the ________. Question 38 options: GST rate is zero, but the applicable HST rate applies GST and HST rate are both zero HST rate is zero, but the GST rate applies...

Q:

Modern Electronics Company purchases merchandise inventory from several suppliers. On April 1, 2017, Modern Electronics purchased from Speedy Supplies $80,000 of inventory on account. On May 15,...

Q:

Modern Electronics Company purchases merchandise inventory from several suppliers. On April 1, 2017, Modern Electronics purchased from Speedy Supplies $80,000 of inventory on account. On May 15,...

Q:

The different forms of export financing distribute risks differently between the exporter and the importer. Analyze the distribution of risk in the following export-financing instruments: a....

Q:

Show in two dimensions that the maximum shear stress m = {[(xx yy)/2]2 + (xy)2}(1/2) is invariant under a rotation of the reference axes and is equal to one-half the difference of the major and minor...

Q:

The sterement of cash flows cannot be used to determine: Muttole Choice chenges in working coptal. erpendtures on longterm assets. atiance on extemsi financing profenbety as measured by specitc...

Q:

The accounting income ( loss ) figures for Concord Corporation are as follows: \ table [ [ 2 0 1 8 , $ 1 6 4 , 0 0 0