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by sundaymorningstaple » Mon, 04 Feb 2008 1:04 pm
First of all, are you a GST registered company? If your turnover is less than 1 million you need not be registered and won't be required to file a GSTreturn in the first place. If your turnover IS over 1 million, your accountant (you should have one if your turnover is that high) should be able to take care of it for you. If you are not required to file a GST return quarterly, you just write off the GST as an expense item on your P&L as part of the actual expense.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers