When do i start collecting gst




















Government of Canada. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance.

Select basic ads. Create a personalised ads profile. QuickBooks Self-Employed helps you stay in control of your business finances and prepare for tax time while on the go, with easy sales tax, expense, mileage, and invoice tracking. The app makes it easy to keep a close eye on the overall health of your business. With this app, you can see exactly how much money is going in and coming out, right from your smartphone or tablet.

Watch the video below to learn how to categorize your expenses and add sales tax in seconds, or read more here for a step by step guide on how to easily calculate sales tax with Quickbooks Self-Employed. It is important to understand which type of sales your organisation makes because this affects whether your organisation is liable to pay GST on the sale and whether it can claim GST credits on the purchase — see the table below.

Show download pdf controls. Show print controls. These are: GST-free sales input-taxed sales. Taxable sales You are liable to pay GST to us when your organisation makes a taxable sale. Mike's just started his building business. Quiz: Claiming expenses. Two-monthly means more paperwork but can be easier to keep track of.

Keep a record of all your invoices and expense receipts and keep these records for seven years. Register now external link — Inland Revenue. Systems that can help at tax time.

Zero-rated goods and services include products or services from New Zealand that are sold overseas, eg exports or some land transactions. Zero-rated supplies still have to be recorded on your GST returns. Check if zero-rated supplies apply to your business external link — Inland Revenue. GST is usually payable on goods and services held at the time you cancel your registration.

Whichever business task you're tackling, we've got something to help — online tools, templates, quizzes and more. Skip to main content Skip to page navigation. In association with. When to register for GST.



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