Section 161

See Also

Acme Video Inc. v. The Queen, [1995] GSTC 49 (TCC)

Late return charges made by a video rental store operator did not represent charges for late payment and, therefore, were not covered by s. 161.

Administrative Policy

GST Memorandum 300-7-8 Early/Late Payments 11 February 1991

Discount for early payment

10. The following is an example of how the general early payment discount would work. A supplier invoices a customer...

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GST M 300-7 "Value of Supply" under "Early/Late-Payments"

General discussion.