New Zealand ADSL Mailing List


RE: Strange problems

From: Regan Murphy <regan.murphy_at_oasystems.co.nz>
Date: Mon, 2 Aug 2004 11:20:35 +1200
Message-ID: <A4C042FF77ABFA4BAAF465910AA06B2B8A26EC@sabre.oasystems.co.nz>

> This is totally offtopic but do businesses need to pay GST
> for services they use?
>
> I thought they didn't...

Everyone *pays* the GST (i.e. cash changes hands).

Business's can offset the GST in expenditure against the GST in income
and therefore what they owe back to the IRD becomes smaller at the end
of the period.

--
Regan
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Received on Mon Aug 2 11:20:47 2004

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