Goods and Services Tax Act 1985

Returns and payment of tax - Records of supplies

19F: Records of supplies

You could also call this:

"Keep a record of the things you buy or sell for your business"

If you are a registered person and you supply goods or services, or you receive goods or services to carry on a taxable activity, you must keep a record of the supply information. This record must include information about the taxable supply and any corrections to the supply. You need to keep this record, but there is an exception if the amount of money for the supply is $200 or less, in which case you do not need to keep a record of the supplier's GST registration number.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS849288.


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19E: Definitions of types of record, or

"What information you need to keep about goods and services you buy or sell"


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19G: Records of imported supplies received by registered person, or

"Keep a record of goods or services you get from overseas as a registered business."

Part 3Returns and payment of tax
Records of supplies

19FRecords of supplies

  1. A registered person who makes a supply of goods or services, or who receives a supply of goods or services for the purposes of carrying on a taxable activity, must have a record of the taxable supply information and supply correction information for the supply.

  2. Despite subsection (1), a registered person is not required to keep a record of the GST registration number of the supplier if the amount of consideration for the supply is $200 or less.

Notes
  • Section 19F: inserted, on , by section 19(1) (and see section 19(2) for application) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).