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Receivables as well Payable
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In Canada, exports are “zero-rated” sales for Grams.S.T. purposes. This means that it is far more ship a product or service to someone outside Canada, you don’t charge He.S.T. Yet, you get to claim (or deduct from the G.S.T. collected by you) all the “input tax credits” (G.S.T. that you paid for business purposes) to make that move. The idea, I suppose, end up being encourage dispatching.
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