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Originally Posted by RogerWilco
The biggest problem isn't changing the % at the till that is easy. But many retailers already own what they are selling and they bought it at 7% GST. Now they are selling it at 6% GST. That is the thing that may make some confusion at tax time. And since they sell the product at a different rate than they bought it, it make things a little confused.
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not really ... .when they do their taxes, they balance it out
gst collect - gst paid = remit to taxman
businesses dont pay GST, only consumers. well they may pay it upfront, but in the manner above they get it back.