Sales Tax Recoverable and Payable	6 Months Ended
Jun. 30, 2024
Sales Tax Recoverable and Payable
Sales Tax Recoverable and Payable	5. Sales Tax Recoverable and Payable As of June 30, 2024, the Company had $43,251 of gross sales tax recoverable compared to December 31, 2023 there was $nil, while the Company had $nil of gross sales tax payable as of June 30, 2024. Recoverable is due to the sales tax paid by the Company on expenses incurred during the year which are recoverable from the government while payable is due to the sales tax received (after deducting sales tax paid on expenses incurred by the Company) during the year which are payable from the government due to sales conducted through the Joint Venture. The Company has recorded $8,158 (December 31, 2023: $nil) of allowance as of June 30, 2024.

Sales Tax Recoverable and Payable

6 Months Ended

Jun. 30, 2024

5. Sales Tax Recoverable and Payable

As of June 30, 2024, the Company had $43,251 of gross sales tax recoverable compared to December 31, 2023 there was $nil, while the Company had $nil of gross sales tax payable as of June 30, 2024.

Recoverable is due to the sales tax paid by the Company on expenses incurred during the year which are recoverable from the government while payable is due to the sales tax received (after deducting sales tax paid on expenses incurred by the Company) during the year which are payable from the government due to sales conducted through the Joint Venture.

The Company has recorded $8,158 (December 31, 2023: $nil) of allowance as of June 30, 2024.

Target Group Inc. 10-Q