View Single Post
Old 10-27-2002, 07:39 PM  
L0stMind
Confirmed User
 
Join Date: Sep 2002
Location: Vancity
Posts: 1,681
quiet - we recently filed for GST and made a claim for over $10k in refund (I didn't want to file it because I KNEW it would draw attention but the accountant made me file) and sure enough, I got a letter from GST asking me to explain my position.

I called the contact number and spoke to the guy and he was pretty nice about it and said as long as I faxed or mailed in something letting him know why we asked for a refund (most of our clients are US based and we have recently purchased quite a bit of hardware for resale in Canada) We would recieve the refund shortly. And surprise, we actually received a check within a few weeks.

However, when I called the same guy at GST again to thank him for the fast turn around in getting me the refund he basically told me I could expect a GST audit soon. My business # has been red flagged now or somesuch.

So, I am now attempting to ensure I have all my ducks in a row and my arguments fully prepared. I REALLY would hate to have to pay over $140k in GST at once. Over two years worth of revenue from non Canadian sales. We have been paying GST on Canadian sales already - which is fine since Canadian revenue is such a small % of our incomes... and I feel that is the spirit of the whole GST tax anyways.

But I am starting to get a little nervous. Your story is definitely not heartening.

Thanks for the info BTW.

Last edited by L0stMind; 10-27-2002 at 07:41 PM..
L0stMind is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote