GST law made easy / author, Colin De Freyne ; consultant editor, Mark J Greening.

Why read this book? -- Law made easy -- How to use this guide -- GST basics -- General obligations -- Calculating GST liabilities -- Rate of GST -- Place of supply -- Residence -- Registration obligations -- Areas of concern -- Taxable activities -- What is included or excluded? -- Characteristics -- Supplies and taxable supplies -- Types of supply -- Taxable supplies -- Time of supply -- Invoices and tax invoices -- Credit and debit notes -- Exempt and zero-rated supplies -- Exempt supplies -- Financial services -- Donated goods to a non-profit body -- Accommodation in a dwelling -- Zero-rated supplies -- Goods -- Services -- Going concerns -- Compulsory zero-rating (CZR) -- Output tax deductions -- General framework -- Secondhand goods -- Bad debts -- Apportionment -- Usage percentage -- Adjustment periods -- Adjustments -- Return filing and payment of GST -- Filing obligations -- GST returns -- Accounting basis -- Specific GST provisions -- GST groups -- Branches -- Unincorporated bodies -- Agents -- Nominees -- Companies with insufficient assets to pay GST -- Amalgamations -- GST on low-value imported goods -- General provisions -- Record keeping -- Avoidance -- Proposed changes -- FAQs.

"GST impacts on most businesses that buy or sell goods and services. Over a third of Government tax revenue comes from GST. It is a tax on gross supplies and therefore its impact is large, being charged in addition to transaction values which may already be high. Consequently, it is characterised by significant room for error. New Zealand's GST system is recognised as one of the best value added tax systems in the world. As tax systems go, it is a relatively straightforward system that enables many New Zealand small and medium business managers to complete their own GST returns. However, changes to business operations and tax law open up traps for the unwary. GST Law Made Easy will help businesses avoid unintended consequences and alert business owners as to when professional advice is required. It is a practical guide for business operators and professional advisers to obtain a good overview of the GST system. Written in an easy to understand style, it highlights practical issues and risks that are frequently encountered by businesses."--Publisher's website.