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New Member
posted Aug 24, 2021 9:40:38 PM

Where do I enter the amount of GST I paid on supplies for my business?

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1 Replies
Level 3
Aug 26, 2021 9:39:13 AM

You will keep a separate entry in your accounting records for taxes paid on inventory, but do not need to list it separately your income tax return.  Your cost of inventory includes the shipping and taxes paid to obtain the inventory.