AgExpert Accounting Ideas

GST on Land Purchases

Allow the user to fill in line 205 of the GST return for GST collected on the acquisition of taxable real property.  As a result, add the same amount to line 106 as an ITC on the land purchased for a net0 effect.

 

For non-GST registrants (if any) we can provide a link to GST60 for the remittance of GST on the purchase of taxable real property.

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  • May 9 2018
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