It's tricky how the new PST works. I am SO NOT comfortable with what's taxable and what's exempt. Anyone else feeling that way?
Everything is couched in double negatives, or at least that's how it appears when you read it.
They don't say don't register, or you should register, they say you have the option to register and give a list of what you'd have to fall into in order not to register
... if ALL of the following apply..and here's the list of the 7 things that ALL have to apply:
1) you're located in BC, and don't have a business premise - e.g. you sell goods from your home
AND
2) you sell taxable goods or software, or provide taxable services
AND
3) you don't regularly sell liquor, vehicles, boats or aircraft
AND
4) you make $10,000 or less in gross revenue from taxable sales and services
AND
5) you're not a lessor
AND
6) you're not an independent sales contractor (no idea what that is and of course the BC Gov't website with the PST information isn't searchable) but somewhere else in the FAQ, they added real property contractor as not qualifying either
AND
7) you don't offer four or more units of accommodation
Why would you want to register? To purchase your goods for re-sale exempt of PST.
If you pay the PST on what you sell, and you meet ALL of the 7 criteria above, you don't have to register, charge and remit PST
I found this on the one page PST Registration Quick Reference PDF (it was emailed to me, may not be on their website, not sure as it's not very searchable)
Then, in the FAQ, there's an example of bakery, where the tax on taxable goods is $500, but sales are more than $10,000 for eligible goods. And they have to register. Now is that because their sales are over $10,000, or because they don't have a home location? No clue.
Small Sellers - Optional registration
4:40 PM |
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