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Goods and Services Tax Act 1985

Returns and payment of tax - Records of supplies

19G: Records of imported supplies received by registered person

You could also call this:

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

Illustration for Goods and Services Tax Act 1985

If you are a registered person and you receive a supply of goods or services that is treated as being made in New Zealand, or if you have to account for output tax, you must keep a record of the supply. You must have a record that shows the name and address of the supplier, the date of the invoice or the time of supply, a description of the goods or services supplied, and the consideration for the supply. You also need to record the amount of the consideration that you have treated as not affecting the value of the supply, as stated in section 10(15C)(a) and section 10(15C)(b), and this is in accordance with the rules outlined in section 8(4B) and section 20(3JC).

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS849289.

Topics:
Money and consumer rights > Taxes
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"Keep a record of the things you buy or sell for your business"

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19H: Records of secondhand goods received by registered person, or

"Keeping records of secondhand goods you buy for your business"

Part 3Returns and payment of tax
Records of supplies

19GRecords of imported supplies received by registered person

  1. A registered person who receives a supply of goods or services that is treated by section 8(4B) as being made in New Zealand, or who is required to account for output tax under section 20(3JC), must meet the requirements of subsection (2) for a record of the supply.

  2. The person must have a record of the supply showing—

  3. the name and address of the supplier:
    1. the date of the invoice or, where no invoice is issued, the time of supply:
      1. a description of the goods or services supplied:
        1. the consideration for the supply:
            1. the amount of the consideration for the supply that the registered person has treated as not affecting the value of the supply in reliance on section 10(15C)(a):
              1. the amount of the consideration for the supply that the registered person has treated as not affecting the value of the supply in reliance on section 10(15C)(b).

                Notes
                • Section 19G: 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).