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Can I claim 1% cred...
 
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Can I claim 1% credit on first $30000 even if my sales are less than $30000 for HST quick method or is it pro rate basis

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(@Anonymous)
Joined: 1 second ago
[#112]

Dear Mr Allan
Can I claim 1% credit on first $30000 ($300) even if my sales is $8000 for HST quick method or is it pro rate basis ($8000 x 1% = $80)


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Posts: 663
(@dexter)
Joined: 3 months ago

Hi Tito, the 1% credit will only apply to the sales that you have made up to $30,000. For example, if your sales are $8,000, then you will receive a credit of $80 (1% x $8,000).


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