Businesses that supply only exempt supplies Question content area bottom Part 1 Choose the correct answer. A. are subject to GST/HST on purchases of supplies used to operate their businesses B. are subject to GST/HST on the sale of exempt supplies but the same amount is later refunded in the form of an input tax credit C. are also exempt from paying GST/HST on purchases of supplies used to operate their businesses D. must be not-for-profit organizations

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Dd.16.

Businesses that supply only exempt supplies.
Question content area bottom Part 1 Choose the correct
answer. A. are subject to GST/HST on purchases of supplies
used to operate their businesses B. are subject to GST/HST
on the sale of exempt supplies but the same amount is later
refunded in the form of an input tax credit C. are also
exempt from paying GST/HST on purchases of supplies
used to operate their businesses D. must be not-for-profit
organizations
Transcribed Image Text:Businesses that supply only exempt supplies. Question content area bottom Part 1 Choose the correct answer. A. are subject to GST/HST on purchases of supplies used to operate their businesses B. are subject to GST/HST on the sale of exempt supplies but the same amount is later refunded in the form of an input tax credit C. are also exempt from paying GST/HST on purchases of supplies used to operate their businesses D. must be not-for-profit organizations
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