Ok so I'm trying to record a car purchase but I'm a bit unsure and could use a second opinion to make sure I do this right. The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash.Given time to complete their due diligence and submit a binding offer, which must be submitted in the form of a template asset purchase (the "APA.