News and Insights

BC Updates Bulletin on Charging PST

Tax Development Nov 07, 2014

British Columbia Bulletin PST 002, “Charging, Collecting and Remitting PST” has been updated to clarify the circumstances under which a seller may refund or credit Provincial Sales Tax (“PST”) to a customer.

Generally, refunds and credits may be issued within 180 days of the initial payment of PST.  The seller can adjust their PST return and receive a refund from the Ministry of Finance.  However, after 180 days, the seller’s PST return cannot be adjusted for any refunds issued to customers, and the seller is not eligible for a refund from the Ministry.  Instead, customers have the option to claim a refund directly from the Ministry.