With respect to GST/HST,supplies fall under different categories with different sets of rules.Which of the following is FALSE with regard to zero-rated supplies?
A)Zero-rated supplies are not included in the determination of the mandatory reporting period.
B)GST/HST is charged at a rate of 0%.
C)Prescription drugs and medical devices are examples of zero-rated supplies.
D)Input tax credits may be claimed on expenditures made to provide the zero-rated supplies.

Question

Quizplus · Accepted Answer

This statement is false. Zero-rated supplies are still required to be reported on the GST/HST return, but they are reported in a separate section from taxable supplies.

With Respect to GST/HST,supplies Fall Under Different Categories with Different