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Do I deduct GST paid on expenses from GST collected to calculate the GST I owe for my business?
It's my first year dealing with GST for my proprietorship. I've input the amount I collected, but I don't know if the GST I've paid on my expenses (ie. office supplies) should be deducted from that to create the total amount I actually owe.
‎April 21, 2023
7:42 AM