What does the term 'convenience store' mean for purposes of simplified GST accounting?

'Convenience store' is a term used to describe a business that sells a mixture of goods including bread, milk, dairy products, cigarettes, confectionery, and grocery lines. It is often described as a convenience store, corner store, mixed business, milk bar (or deli but not a continental delicatessen). A convenience store may also sell takeaway food, for example, freshly prepared sandwiches. If it does sell takeaway food, but the takeaway food sales are not the main source of income of the business, it is a convenience store. Example A corner store sells mostly grocery items such as tinned foods, detergents, cigarettes, dairy products and fresh bread. It provides a small supply of takeaway sandwiches however these meals do not form the main source of the business' income. The corner store therefore meets the requirements of a convenience store. As the corner store is mainly a convenience store it can use the business norms method. On the other hand, if a business' income is mainly ...  more