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AgExpert Accounting Ideas
Created by Guest
Created on May 9, 2018

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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