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x582 · 12-05-2002, 01:19 PM

This is the SCARY PART:

Let's say that I generated $5,000 with Gamma this year. Because I am registered for GST - I do have to INVOICE THEM for GST (7%). Gamma, do have to pay me this 7% that I have to send to CCRA.

Gamma then claim back the GST they paid to the CCRA.

BUT!

CCRA wants to know more about that, and then investigate Gamma and they're fucked all the way if they never charged GST to their members.

CCRA might use this to enter in their books and audit them.

12-05-2002, 01:19 PM
x582 Confirmed User Join Date: Mar 2002 Location: heh? Posts: 609	This is the SCARY PART: Let's say that I generated $5,000 with Gamma this year. Because I am registered for GST - I do have to INVOICE THEM for GST (7%). Gamma, do have to pay me this 7% that I have to send to CCRA. Gamma then claim back the GST they paid to the CCRA. BUT! CCRA wants to know more about that, and then investigate Gamma and they're fucked all the way if they never charged GST to their members. CCRA might use this to enter in their books and audit them. Last edited by x582; 12-05-2002 at 01:20 PM..