This is why you usually find stalactites and stalagmites in pairs, and sometimes they'll even grow together to form one big column. There are many limestone caves around the world famous for their displays of dripstone, including Carlsbad Caverns in New Mexico, Timpanogos Caves in Utah, Mammoth Cave in Kentucky and Jenolan Caves and Buchan Caves in Australi.
Procedure 1  : GST received from customers: 2  It is a Liability to the Government. 3  You owe it to the Government. 4  Liability is increasing. 5  Credit the GST Clearing Account. 6  GST Paid to Suppliers by your business: 7  It is an asset to you.8  Government has to pay this back to you. If the GST Account has a credit balance. 2  It is a liability. 3  Remit that amount to the Govt. 4  The GST account acts both as an Asset account or Liability account, depending on the balance.
While the GST is aimed at the ultimate purchaser, it is the vendorâs responsibility to determine whether GST will apply to the sale of real property, and then to collect and remit the tax to the Receiver General. It is also the vendorâs responsibility to establish whether the purchaser is a GST registrant.hile price and possession date make up much of the discussion between the vendor and the purchaser, there are a number of less obvious issues that the parties must address, one being Goods and Services Tax (âGSTâ). GST applies to every supply of real property, unless exempted under the Excise Tax Act.