Cra backdating gst registration
The CRA continually emphasizes ensuring that registrants obtain sufficient documentary evidence to substantiate any ITC claimed.
Subsection 169(4)(a) of the ETA establishes the information required to support the ITC claim and determine the amount, including information prescribed under the Input Tax Credit Information (GST/HST) Regulations. Guilmette reviewed the documentary information required for specific dollar thresholds (
You must register for GST if: If your business or enterprise doesn’t fit into one of the above categories, registering for GST is optional.
If your turnover exceeds the relevant threshold, you must register within 21 days of reaching it. An industry expert is anyone you feel would be well qualified to answer this question and publicly accepts inquiries on this subject. Often a discussion will lead to an answer so if you don`t know thecomplete answer just enter your best ideas on the matter. If you feel any of these questions have been included in error help us improve our content by splitting these questions into seperate discussions. Please tell us which questions below are the same as this one: The following questions have been merged into this one.They say ‘let’s make a deal’ and pay cash without the taxes.Some people just want a deal and think they’re being savvy by not paying the taxes; however, not realizing that the poor vendor eats the tax as you still have to claim the sale (at least you should be). Sadly, these are mistaken individuals who are really deluding themselves that the laws, and the tax laws of Canada, do not apply to them. The only exempt person is a Status Indian (the legal term used according the Indian Act).
We will usually cancel your GST registration from the date you choose; however you cannot: If you're selling or closing your business, you must cancel your GST registration (and your ABN registration) within 21 days of the sale or closure.