GST/HST Paid on Purchases
Line 105 means GST/HST paid on purchases? Form GST34-2-E(10)
This my first GST/HST return so for example line 101 will receive a zero as I have not yet started trading but I have plenty of invoices from decorating the shop. So where do I put the GST/HST paid on purchases to obtain a credit? Help ?????
Your purchases are input tax credits and go on line 108. 105 is for the GST/HST you will collect from your customers when you start having sales revenue.
When you do your bookkeeping, you will have to book your sales tax entries. Click here for the GST/HST bookkeeping entries for a manual bookkeeping system