Taxi driver - Inome tax

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miscut
Member since: Mar 05

Posts: 41
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Posted on: 23-03-05 20:33:30

Hi desi
I am a taxi driver and last year I made a small income for 2 months but I did not collect GST as i am deemed to have collected. But I still have to return GST. Now I have to file a gST # and also file for election to use the quick method of return or the regular input tax credit return. Can you pls. tell me which method to mention.
Tks
Miscut

Smiley
Member since: Mar 03

Posts: 1185
Location: USA
Post ID: #PID

Posted on: 23-03-05 23:42:37

quick method for GST is simpler and easier

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miscut
Member since: Mar 05

Posts: 41
Location:
Post ID: #PID

Posted on: 24-03-05 10:45:58

i work for 711 taxi and i don't collect GST and i pay a weekly rent to the company. do i hve to get a GSt #. am i consider deemed to collect GST int his case.

Smiley
Member since: Mar 03

Posts: 1185
Location: USA
Post ID: #PID

Posted on: 24-03-05 12:29:33

Don't think so

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We will find a way or we will make one

miscut
Member since: Mar 05

Posts: 41
Location:
Post ID: #PID

Posted on: 24-03-05 15:33:34

no reply

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 28-03-05 17:51:48

You are required to be registered (mandatory) for GST if and only if your revenues in 4 consecutive quarters is more than $30,000. However, if you feel it might be worthwhile to register before that (since you can get back your GST you pay on your purchases, including Gas), which I doubt ofcourse, you can voluntarily register for GST.

You are NOT assumed to collect GST just by being a taxi driver. There is a threshhold of a revenue figure as given above.

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 28-03-05 17:54:03

If you have to register for GST, in your case as a taxi driver, it might be worthwhile to select the quick method.

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

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