Line 7 of the Retail Sales Tax Return form?

Question

Hello there,

I'm completing my Retail Sales Tax Return form for the sales from Feb 1st to July 31st this year. On Line 6, I've calculated my total tax due.

Then on top of the form it says that: As of 11-Jul-2008, your account balance is 938.92 CR.

For Line 7 for the payment amount, do I subtract the 938.92 CR from the amount on Line 6? Or should I write the same amount as I have on Line 6?

For example: My total tax due is $1200.00. Does $1200.00 go on Line 7 or do I subtract the 938.92 from $1200.00? What amount would I have on my cheque to the Ministry of Revenue?

Thanks again

Answer 1

Is this a GST return, or a provincial Sales tax return. If the latter, which province?