Question:

Gst/Hst Returns in Canada can someone simplify these lines for me.?

by  |  earlier

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101 Sales and revenue- I got the sales not sure what revenue means.

110 Instalments and other annual filer payments- ?.

111 Rebates-?

205 Gst/hst due on acquistion of taxable real property-?

405- Other GST/HST to be self-assessed.-?

105Total GST/HST and adjustments for period-?

108 Total ITCS and adjustments-?

109- Net Tax?

refund claimed 114-?

payment enclosed 115-?

I know when it comes to tax I'm clueless...Any help would be appreciated.

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  1. Line 101 Sales and Revenues = same thing.  It's for the reporting period know much did you make

    Line 110 Have you made any GST installements  ?

    Line 111 - Rebates - Some rebates can reduce or offset your amount owing. Those rebate forms contain a Yes/No question asking you if you want to claim the rebate amount on line 111 of your GST/HST return. If you want to offset the amount owing by the rebate, tick the Yes box on the rebate form and include it with this return.  Not used often

    Line 105 How much GST/HST did you charge during the period

    Line 108 Total GST/HST paid for the period and adjustments

    Line 109 Net of 105 and 108

    If a refund (You paid more tax than charged in periond) goes to Line 114 if you have to pay (You charged more tax then paid in the period) Line 115

    Line 405  Line 405 - Other GST/HST to be self-assessed

    Complete this line only: if you are a registrant and have to self-assess the provincial part of HST on property or services brought into a participating province.   Usually not used

    Line 205 Only used if you purchased property in your business

    http://www.cra-arc.gc.ca/E/pub/gp/rc4022...

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