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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2ee2641-7c60-4f65-a663-59c8b8b8fc04%2F188ccbb5-8baa-48ff-9f8c-fd4512811f7c%2Fharihj_processed.jpeg&w=3840&q=75)
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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