If a company has a GST Recoverable amount of $ 5,600 and a GST Payable amount of $ 5,000 at the end of the quarter, what should they do?
A) Delay filing their quarterly return until the next quarter when additional GST payable amounts are expected to offset the recoverable amount.
B) File the quarterly return and request a refund of $ 600.
C) Pay the amount of GST payable of $ 5,000.
D) Pay the amount of GST payable of $ 5,000 and request a refund of $ 5,600.
Correct Answer:
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