What is the difference between a business that is registered for GST and a business that is not registered for GST?

-


Businesses that are registered for GST are required to collect and remit Goods and Services Tax (GST) to the Canada Revenue Agency on the sale of their goods and services. Businesses that are not registered for GST do not have to collect or remit GST and are not eligible for input tax credits (ITCs).

Comments

Post a Comment

Popular posts from this blog

GEM registration

-
 what is  GEM registration?                                    The GEM registration exists for a number of reasons. The first and most obvious is to create a level playing field for all companies who wish to list on a stock exchange. Ensuring that all companies meet minimum standards, enhances confidence in the market and entices more investors. The second reason is to protect investors. By having all companies disclose key information about their business, finances, and governance, investors can make more informed decisions about where to put their money. Lastly, the GEM registration process helps to ensure that listed companies are well-run and have sound corporate governance practices in place. This benefits both shareholders and society as a whole. Read more...  
Read more

What is GeM Registration?

-
What is GeM Registration?   GeM registration refers to the process of registering on the Government e-Marketplace (GeM), an online platform created by the Indian government to facilitate the procurement of goods and services by various government departments, organizations, and public sector undertakings (PSUs).  GeM registration enables suppliers, manufacturers, and service providers to sell their products and services to the government through the GeM portal. The registration process involves creating a vendor account, providing necessary business and tax-related information, and verifying the account details.  GeM registration is mandatory for businesses who wish to participate in government tenders or sell their products and services to the government through the GeM portal. It is a straightforward process that can be completed online, and it typically takes a few days for the registration to be approved. Benefits of GEM Registration   GeM   registration offers several ben
Read more

National public procurement portal

-
  Introduction: Public procurement is the process by which government agencies purchase goods, services, and works from suppliers. In India, public procurement is a significant activity as the government is one of the largest buyers of goods and services. The National Public Procurement Portal (NPPP) is an initiative of the Indian government to centralize and streamline public procurement processes. In this article, we will discuss the NPPP and its features in detail. Overview of NPPP: The NPPP is a web-based platform developed by the Ministry of Finance, Government of India. It was launched in August 2016 as part of the Digital India initiative. The portal serves as a single window for all government procurement activities, including tendering, bidding, and contracting. It is designed to make the procurement process more transparent, efficient, and accountable. Features of NPPP: Centralized procurement: The NPPP allows for the centralization of procurement processes across
Read more