If the federal government changes the standard rate of sales tax (e.g., from 17% to 18%) in the middle of a month (e.g., on the 23rd of the month), how should the registered person file the sales tax return for that specific month?

Correct answer: C) C) A separate return for each portion of the tax period must be furnished (or a single return if it provides the facility to incorporate both rates) based on the rate in force at the time of each supply.

Explanation

A taxable supply shall be charged to tax at the rate in force at the time of making the supply. If there is a change during a tax period, separate returns for each portion (or a single return accommodating both rates) must be furnished.