Witryna2 sty 2024 · Interest and bank charges 125. Salary for assistant 12,000. The sales and expenses are net of HST as George's Supplies is an HST registrant. (BN: 111 111 118RT0001) 8. The following additional information was obtained by reviewing George's 2024 tax return: o George's earned income for 2024 was $133,000 and his 2024 … Witryna9 gru 2024 · When you send someone money, the bank is basically acting as a courier service to make sure the money gets there. So it charges you a fee for that …
GST/HST in specific situations - Canada.ca
Witryna12 mar 2024 · No, GSt is not collected on a deposit or prepayment. If unsure, check the CRA website for guidance. Cheer Reply impossible Level 6 March 11, 2024 09:24 PM Generally, sales tax is not charged on an initial deposit or pre-payment. Sales tax is, however, charged on subsequent Draws. Cheer Reply Diane18 Level 4 March 11, … Witryna21 cze 2024 · As per GST Law, GST is applicable on bank charges and ITC can be availed for specified services. As per Rule 54(2) of CGST Rules, 2024, Banks shall … itunes 8.0.2 - windows vista 64 bit
Tax Insights: Arranging for the provision of payment processing
WitrynaThis help content & information General Help Center experience. Search. Clear search Witryna20 cze 2024 · To be clear, these surcharges should not be confused with the credit card charges levied by the banks on their customers. Bank fees & interest don’t attract GST as they are a financial service. They are characterised as ‘exempt supplies’ under the Goods and Services Tax Act 1985. The IRD opinion applies purely to ‘surcharges’ or ... Witryna1 maj 2024 · There are also various goods and services which are HST exempt or zero-rated, meaning you do not charge HST for them. HST on Services The place of supply rules for supplies of services is generally based on the address of the recipient obtained by the supplier in the normal course of business, although there are exceptions. netflix kids shows list