Which of the following scenarios will not be allowed to elect to eliminate the GST/HST on the sale of Tree Co.to Leaf Co.?
A)Tree Co.and Leaf Co.are both GST/HST registrants.
B)Neither Tree Co.nor Leaf Co.are GST/HST registrants.
C)Tree Co.is a GST/HST registrant, and Leaf Co.is not a GST/HST registrant.
D)Tree Co.is not a GST/HST registrant, and Leaf Co.is a GST/HST registrant.

Question

Quizplus · Accepted Answer

For the election to eliminate GST/HST on the sale, both parties involved in the transaction must be GST/HST registrants. If one party is not a registrant, as in option C, the election cannot be made.

Which of the Following Scenarios Will Not Be Allowed to Elect