Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...

The GST/HST credit is a quarterly benefit that deposits tax-free money directly into your account, designed to help offset the cost of living by putting cash directly into the pockets of Canadians. If ...

The Canada Revenue Agency has confirmed the GST/HST credit payment schedule for 2026, with quarterly deposits scheduled for January, April, July, and October. These tax-free payments help low and ...

The GST 2.0 reforms aimed to simplify the system with fewer tax slabs, however businesses continue to face challenges in ...

Mastercard allows businesses to pay GST, Customs, and Excise duties digitally, providing up to 45 days of interest-free credit and improving working capital management and compliance. Working capital ...

The notable exception to this trend was credit and debit card spending, which is online sales driven. The card spending has ...

The bank said GST payments through its digital platform will allow enterprises to consolidate statutory and commercial payments on one system, improving compliance efficiency.

GST composition Scheme: This pricing is determined by the restaurant's location. For example, restaurants located within hotels where the room fee exceeds the specified amount would be subject to a ...