WebAny balance outstanding at the expiry of the interest free period will be charged at the standard variable rate, 23.9% per annum as at 1 December 2024. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Terms & Conditions apply and are available on application. See your contract for further details. WebYou do not claim an input tax credit for the GST or HST charged on the expense because you did not incur the expense — you simply paid it as your client’s agent. You also do not add GST or HST to the …

3.6. Is a late payment penalty subject to GST? - Australian Taxation …

WebChiropractor Services No GST No PST No HST if offered by a practitioner of the service. Physiotherapist Services No GST No PST No HST if offered by a practitioner of the service. Pharmacist Dispensing Fees No GST No PST No HST Over-the-Counter Medications 5% 8% No (remains 13%) Prescription Drugs No GST No PST No HST Some Medical Devices how to use inbox in canvas

How to Charge Late Fees on an Invoice (with Example)

WebThe interest income received from the bank should be reported as your exempt supplies in Box 3 of the GST Return (Total Value of Exempt Supplies). Exchange Gain/Loss Arising from Transacting in Foreign Currencies You may sell goods to your customers and invoice them in a foreign currency (e.g. US dollars). Web2 days ago · The GST Act states that certain transaction of Goods and Services are liable to reverse charge. Reverse charge mechanism means that the liability of GST is to be borne by the recipient or provider of the service. The list of goods or services that needs to be charged on Reverse charge mechanism has been notified by the Central Board of … WebJul 1, 2012 · separately identifies and discloses the interest charge to you, you don't have to pay GST on the interest as it is a financial supply doesn't separately identify and disclose the interest charge to you, you must pay GST on … how to use inb