[Verse 1] Registration threshold crossed at thirty thousand Now you're bound to charge the tax and track the ledger strand Input credits rescue what you paid upstream Deduct the GST you spent to fuel your business scheme Place of supply determines which province takes its share Where performance happens matters, location is the prayer [Chorus] GST flows like a river through the books Input credits versus output, balance by the hooks Zero-rated exports sailing tax-free to foreign shores Exempt supplies get nothing back, they're locked behind closed doors Quick method simplifies with percentage on your sales Real property brings complications, different set of scales [Verse 2] Taxable supplies at five or fifteen percent rate Zero-rated means you charge nothing but still participate Input credits flow back to you when zero-rating applies But exempt supplies cut you off from tax credit ties Financial services, medical care, insurance too Exempt status blocks the credits coming back to you [Chorus] GST flows like a river through the books Input credits versus output, balance by the hooks Zero-rated exports sailing tax-free to foreign shores Exempt supplies get nothing back, they're locked behind closed doors Quick method simplifies with percentage on your sales Real property brings complications, different set of scales [Bridge] Quick method calculation takes your total revenue stream Multiply by prescribed rate, remit what makes the scheme But input credits disappear except on capital buys Trade complexity for ease under simplified skies [Verse 3] Real estate transactions bring the self-supply rules New construction, major reno, follow special tools Commercial property at closing, lawyer holds the tax Residential gets rebated through the purchase facts [Chorus] GST flows like a river through the books Input credits versus output, balance by the hooks Zero-rated exports sailing tax-free to foreign shores Exempt supplies get nothing back, they're locked behind closed doors Quick method simplifies with percentage on your sales Real property brings complications, different set of scales [Outro] Filing monthly, quarterly, annually you choose Place of supply and registration, master all the clues
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