I bought hair care products for resale without paying PST by quoting my PST registration number. If I later use some of these same products to provide hairstyling services, do I need to pay PST?
Yes. If you take items from your resale inventory and use them for your business, you self-assess PST on your cost of the items. When you self-assess, record the PST due at Step 3 of your next return. If you are not registered, you self-assess the PST due using a Casual Remittance Return For Provincial Sales Tax (PST) Due on Taxable Tangible Personal Property by a Purchaser Not Registered Under the Social Service Tax Act (FIN 428).
Related Questions
- I bought hair care products for resale without paying PST by quoting my PST registration number. If I later use some of these same products to provide hairstyling services, do I need to pay PST?
- Are salon brand hair care products really better/worth paying more for than the grocery/drug store brands?
- What is the difference between professional and store bought hair care products?
