GST Law Made Easy 2017

Conveys the essentials of GST law to businesses and professional advisers. A practical guide for all businesses that prepare their own GST returns.

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ISBN/ISSN: 9781988506166
Release Date: January 01, 2017
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NZD$ 60.00
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ISBN/ISSN: 9781988506173
Release Date: January 01, 2017
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Product description

GST impacts on most businesses that buy or sell goods and services. Over a third of Government tax revenue comes from GST. It is a tax on gross supplies and therefore its impact is large, being charged in addition to transaction values which may already be high. Consequently, it is characterised by significant room for error.

New Zealand’s GST system is recognised as one of the best value added tax systems in the world. As tax systems go, it is a relatively straightforward system that enables many New Zealand small and medium businesses to complete their own GST returns. However, changes to business operations and tax law open up traps for the unwary. GST Law Made Easy will help businesses avoid unintended consequences and alert business managers as to when professional advice is required.

GST Law Made Easy is a practical guide for business operators and professional advisers to obtain a good overview of the GST system. Written in an easy to understand style, it highlights practical issues and risks that are frequently encountered by businesses.

Features

  • Plain English guide
  • Includes case studies and examples
  • Identifies common risks
  • Practical tips for avoiding common traps

Related Titles

Income Tax Law Made Easy
Tax Administration Law Made Easy

And 8 more titles in MyLawGuide’s Law Made Easy series

Featured Authors

Table of contents

GST basics

Calculating GST

GST rate

Place of supply

Residence

Registration

Taxable activities

Supplies and taxable supplies

Types of supply

Taxable supplies

Time of supply

Tax invoices

Credit and debit notes

Exempt and zero-rated supplies

Financial services

Donated goods to non-profit body

Accommodation in a dwelling

Goods and services

Going concerns

Compulsory zero-rating

Output tax deductions

Apportionment

Usage percentage

Adjustment periods

Return filing and GST payment

Filing obligations

GST returns

Accounting basis

Specific GST provisions

General provisions

Proposed tax changes