FIN 355 Schedule, Refund Claim Schedule. Use this form if you require additional space when filling out the Application for Refund General (PST) (FIN 355). 2025

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Maximum Refund Amount = {(Turnover of inverted rated supply of goods and services) x Net ITC Adjusted Total Turnover} - 12[{tax payable on such inverted rated supply of goods and services x (Net ITC ITC availed on inputs and input services)}].
If youre registered for GST, you can claim that back. You do this by claiming a GST tax credit when lodging your business activity statement (BAS). The ATO will balance those credits against the GST you owe when working out your refund or bill (learn more in working out your GST).
To close your PST account, submit a closure request: Online using eTaxBC, or. By submitting a Request to Close Provincial Sales Tax Account (FIN 357) (PDF, 301KB)
a fuel tax refund of up to $500 each calendar year for a qualifying vehicle registered in the program, and. a 25% discount off your ICBC basic Autoplan insurance (including electric vehicles)
GST rules allows you to claim input tax credit on purchases you make. This is only allowed if the supplier is compliant with GST norms and has paid the tax collected from the buyers. To claim ITC, the buyer should make the payment for the purchase, including tax, within 180 days of the invoice being issued.
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3. Income Limits Family SituationMaximum Income to Qualify Married or Common-law $55,286 One Child $60,000 Two Children $65,000 Three or More Children $70,0001 more row 3 days ago
Excess Payment of GST: If taxpayers have paid more GST than required due to errors, they can claim a refund for the excess amount. This situation often arises from clerical mistakes, miscalculation of tax, or payments made under the wrong tax heads.
What is the time limit for taking refund? Ans. A person claiming refund is required to file an application before the expiry of two years from the relevant date as given in the Explanation to section 54 of the CGST/TSGST Act.

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