If you collect GST/HST from your customers, you must report and remit the tax to the CRA. To do this, you must keep good records of the taxes you collect and the expenses you pay. You must also clearly identify the tax rate you are charging your customers and your registration number on all invoices, receipts, contracts, and other documents you provide them with.
Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) are taxes that apply to the sale of most goods and services in Canada. These taxes are administered and collected by the CRA on behalf of the provinces. The GST is a value-added tax that applies to most taxable supplies of goods and services, while the HST is a harmonized sales tax that applies to certain supplies of energy, food, drugs, and alcohol.
Whether a supply is taxable or not depends on the type of goods and services sold and where the customer is located. The CRA has a number of helpful resources to help determine if a supply is taxable, including Guide RC4022, General Information for GST/HST Registrants. It also has a collection of toll-free telephone numbers for direct advice.
If you’re selling digital products to consumers in Canada, you may need to register for GST/HST. The CRA has launched a simplified registration system that went live on Friday, June 25. It requires non-resident service providers and online marketplaces to register for GST/HST if they sell digital products to Canadians or facilitate sales by other foreign suppliers to Canadian consumers.
Possession of real property is based on who holds legal rights to the property, such as paying the property taxes, having the right to alter or control the property, and receiving insurance coverage for the property. The CRA’s definition of possession also includes the physical presence of a property in Canada at a time, whether it is being transported or not.
CRA HST Report
The CRA is the Canada Revenue Agency, and it provides a variety of online services to help individuals and businesses manage their tax affairs. These include CRA My Account, which allows sole proprietors to access personal income tax information, and a number of other e-services, including online TFSA and RRSP contribution limits and a GST/HST rebate form. To use these services, you must first sign in to your CRA account using a CRA user ID and password. You can also log in with a Sign-in Partner, which lets you use a username and password that you already have (for example, from your online banking service).
If you are a business owner, you need to create a CRA Business Account to interact electronically with the CRA. This will give you access to your GST/HST, payroll, corporation income taxes, and excise taxes and duties accounts. You can also access your TELEFILE and EDI accounts through this account. If you represent a client, you can register for a CRA Business Account to get access to their tax information and file returns on their behalf.
When you register for a CRA Business Account, you will receive a nine-digit business number (BN) or a representation identifier (RepID). You should keep this BN for future interactions with the CRA, as it is unique to your company. Line 106 and line 107 do not appear on some electronic GST/HST returns, such as NETFILE.
How to Login and Report HST?
HST is a harmonized sales tax that operates similarly to GST. It is charged on taxable goods and services in most provinces and territories and is collected by businesses that are registered for GST. However, some provinces and territories have their own provincial sales taxes not combined with GST, so these businesses have to file both a GST return and a PST return.
For HST purposes, property is generally anything that has a physical presence in Canada, including a movable item, a service, or information. It also includes the right to use a dwelling, any part of it, or an interest in any real estate. Possession of a property is considered to be complete when the person owns, controls, or has a legal right to possess it on a continuous basis.
CRA is requiring GST/HST registrants that facilitate the sale of digital services from foreign suppliers to Canadian consumers to register for HST effective July 1, 2018. These businesses are required to collect, report and remit HST on the supply of these digital services to Canadian customers. To find out more, visit the CRA’s HST registration page.
If your business is GST/HST-registered, you must indicate the rate and registration number on your invoices or other documents you issue to your customers. You must also inform your customers that GST/HST is included in pricing or will be added separately. In addition, you must have your registration number posted in a conspicuous location in your place of business.
How to Login GST?
The GST login portal is an online service for taxpayers that allows them to track their GST registration application. It also lets them check their refunds. This service is free to use. To get started, visit the GST home page and click the Login button. You will need to provide your TRN or TAN and a valid email address and password. Once you have entered your credentials, click ‘Submit’.
Then, a new credentials page will be displayed. In the Username field, enter your GSTIN or UIN. In the Password field, enter a new password that is at least 8 characters long and contains special characters, numbers, and upper and lower case letters. You will also need to re-confirm your password.
If you are a first-time user of the GST portal, you can access it using your provisional ID or TRN number and a temporary password sent to your email address. Once you’ve logged in, you can view your ledgers and create challans. However, you cannot access the GST Portal without a GSTIN or UIN. Unregistered users can apply for a temporary user ID to get access to limited services, such as tracking their application status.