Plain meaning
A periodic return filed by a registrant to report GST/HST collected, input tax credits claimed, and net tax owing or refundable.
Also called
HST return
GST return
Key points
- Registrants file GST/HST returns monthly, quarterly, or annually depending on their reporting period.
- The return generally reports tax collected or collectible and input tax credits for eligible business purchases.
- A positive net tax amount is payable; a negative amount may create a refund.
- Late filing or payment can trigger penalties and interest.
Why it comes up
GST/HST return rules affect business cash flow, audit exposure, and policy changes involving sales-tax relief or compliance.