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Harju · 07-27-2016, 12:39 PM

If your sales price is $100 before 5% GST, you charge $105 to the customer. You remit $5 GST to the government and report $100 of revenue.

If the total charge is $100 and you have to remit GST, then you remit $4.76 to the government and report $95.24 of revenue.

07-27-2016, 12:39 PM	#4
Harju Backup Goalie Join Date: Oct 2011 Exp:	If your sales price is $100 before 5% GST, you charge $105 to the customer. You remit $5 GST to the government and report $100 of revenue. If the total charge is $100 and you have to remit GST, then you remit $4.76 to the government and report $95.24 of revenue.