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How To File a GST Form 2023?

January 22, 2024 Andrew AdolphAudits

How to Fill Out a GST Return Form

Filing taxes can be overwhelming, especially when it comes to dealing with a GST form. For Canadian businesses, the Goods and Services Tax (GST34) form is the form to use for reporting the amount of GST you collected, minus the GST you can claim. In this blog, we break down the process and provide you with a clear and concise step-by-step guide on how to fill out a GST form in Canada.

How to Fill Out a GST Form 2024


Step 1: Determine Your GST Obligation 

Before diving into the form, it’s essential to understand whether you need to register for GST. Businesses with annual revenues exceeding $30,000 are generally required to register. However, voluntary registration is also an option, and may be beneficial for startups or businesses looking to claim input tax credits.

Step 2: Gather Necessary Information 

Set yourself up for success by ensuring you have all the relevant information at your fingertips before tackling the GST form. This includes business details such as your Business Number (BN), legal business name, and contact information. You’ll also need to know the reporting period and have records of your sales and expenses.

Step 3: Access the GST Form 

Don’t stress about finding the right form – simply access it through the Canada Revenue Agency (CRA) website. Depending on your business type and structure, you may need to use different forms, such as GST/HST NETFILE or the GST/HST return for Registrants.

Step 4: Complete the Identification Section 

Start off strong by making sure all identifying information on the personalized form is correct. This includes your Business Number (BN), legal name, and reporting period.

Step 5: Report Your Sales and GST/HST Collected

Sales get reported on Line 101. There is an optional section where you can break down your taxable supplies, zero-rated supplies, and exempt supplies, including both GST and HST amounts where applicable. GST/HST collected goes on Line 105.

Step 6: Claim Your Input Tax Credits

Claim your input tax credits on Line 108. Make sure you have them listed, and the amount you are claiming is equal to the amount listed. You don’t have to claim input tax credits right away. You have up to four years to claim them. 

Step 7: Calculate Your Net Tax 

Calculate your net tax. This is equal to GST/HST collected less input tax credits claimed. If you are filing online, this calculation is performed for you. The result will determine whether you owe or are eligible for a refund.

Step 8: Complete the Form and Submit 

Before hitting submit, review your completed form to ensure accuracy and completeness. Once satisfied, submit the form electronically through the user-friendly CRA website or send it via mail if a paper return is needed.

Step 9: Make Payment or Await Refund 

Stay ahead of deadlines – if you owe taxes, make the necessary payment by the due date to avoid interest charges. If you’re eligible for a refund, patiently await processing. The CRA typically processes refunds within a few weeks. 

The Bottom Line 

Filling the GST return form is a fairly straightforward task, although many people file late and incurrent horrible penalties. Remember, staying organized and maintaining accurate records are key components of a smooth GST filing experience. 

If you have any tax-related questions, please book a free consultation with me below. For additional tax information, check out my informative blog.

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Andrew Adolph

Andrew Adolph is a CPA and former CRA auditor with 25 Years of experience. He helps businesses to not par any more in sales taxs than the law says they must and acts as an advocate for you if you are being audited, so you can fous on your business.