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Goods and Services Tax Act 1985

Returns and payment of tax - Records of supplies

19H: Records of secondhand goods received by registered person

You could also call this:

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

When you buy secondhand goods for more than $200 and you are registered for GST, you need to keep a record of the purchase. You must write down the supplier's name and address. You also need to record the date you bought the goods, what the goods are, how many you bought, and how much you paid. If you claim back the GST on the purchase, you will need these records to show what you bought and how much you paid.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS849290.

Topics:
Money and consumer rights > TaxesMoney and consumer rights > Consumer protectionBusiness > Industry rules
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"Keep a record of goods or services you get from overseas as a registered business."

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"Keeping records of goods you get under a special contract"

Part 3Returns and payment of tax
Records of supplies

19HRecords of secondhand goods received by registered person

  1. This section applies when a registered person—

  2. purchases a supply of secondhand goods, that is not a taxable supply, for more than $200; and
    1. claims an input tax deduction in respect of the supply.

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

      2. the name and address of the supplier; and
        1. the date on which the secondhand goods were supplied; and
          1. a description of the secondhand goods; and
            1. the quantity or volume of the secondhand goods; and
              1. the consideration for the supply.

                1. Repealed
                Notes
                • Section 19H: 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).