There are two main methods of accounting for GST. The Invoice Method Under this method, you account for GST when you make a sale of goods or services and you claim a credit when you purchase goods or services. In…
GST on residential properties
There’s generally no GST on residential properties in New Zealand . But there are circumstances when a taxpayer buying and selling residential properties can be liable for GST. To be liable for GST registration, and therefore liable for GST on…