Chantelle Chance is a hair dresser who stated in business on October 1, 2018 and has not registered to collect the GST. Quarterly revenues from her business for her first year of operations were as follows: October To December 2018 - $4000 January to March 2019 - $6500 April to June 2019 - $9000 July to September 2019- $9500 Total for year ending September 2019 -$29000 For the quarter ending December 31, 2019 business revenues were $11500. Required: Advise Chantelle if registration for the GST is required and include the reasons for your answer. IF required state when GST Collection should start and By what date registration must be completed.
Chantelle Chance is a hair dresser who stated in business on October 1, 2018 and has not registered to collect the GST. Quarterly revenues from her business for her first year of operations were as follows: October To December 2018 - $4000 January to March 2019 - $6500 April to June 2019 - $9000 July to September 2019- $9500 Total for year ending September 2019 -$29000 For the quarter ending December 31, 2019 business revenues were $11500. Required: Advise Chantelle if registration for the GST is required and include the reasons for your answer. IF required state when GST Collection should start and By what date registration must be completed.
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 46P: Blue Company, an architectural firm, has a bookkeeper who maintains a cash receipts and...
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Chantelle Chance is a hair dresser who stated in business on October 1, 2018 and has not registered to collect the GST. Quarterly revenues from her business for her first year of operations were as follows:
October To December 2018 - $4000
January to March 2019 - $6500
April to June 2019 - $9000
July to September 2019- $9500
Total for year ending September 2019 -$29000
For the quarter ending December 31, 2019 business revenues were $11500.
Required: Advise Chantelle if registration for the GST is required and include the reasons for your answer. IF required state when GST Collection should start and By what date registration must be completed.
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