04 Jun Analogy – When you’re another type of registrant
Your prepaid 3 months away from book to have work place for usage in your commercial activities towards the age of age good registrant to the , you could allege an enthusiastic ITC with the GST/HST you paid down into the rent on the month of February. You simply cannot allege an ITC on the GST/HST your purchased book out-of ount makes reference to that time before you could turned into good registrant.
You prepaid 3 months from rent having office space to be used in your industrial circumstances towards the age e good registrant towards the , you can allege an enthusiastic ITC towards GST/HST you paid down on the lease toward times from March. You simply cannot allege an enthusiastic ITC towards GST/HST your purchased rent off ount makes reference to the period before you can turned into a great registrant.
You can allege an enthusiastic ITC when it comes to GST/HST that was payable before you can turned into an excellent registrant according off characteristics become given to you after you became a beneficial registrant, otherwise that you prepaid service for rental, royalties, otherwise comparable payments to possess property that relate genuinely to that point immediately following your turned into good registrant, on the the total amount the provider otherwise home is having consumption, fool around with otherwise likewise have in the course of your commercial situations. You cannot allege a keen ITC to your GST/HST paid off or payable into features provided to you before you turned into an excellent registrant, otherwise for the value of one lease, royalty, otherwise comparable percentage one identifies a period before you can turned a great registrant, even if you reduced one GST/HST after you became an excellent registrant.