GST was 1st introduced by the 4th Labour Governemtn in 1986 at the rate of 10%
[November]. in New Zealand.
How ever it was increased to 12.5% on July 1st 1989.
This year on October 1st, it will again increase to 15%.
GST payable is the amount of GST incurred by other parties, to be offset against GST receivable. GST receivable and GST payable are used to determine the amount of GST a business can claim. this occurs when you purchase something.
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
ex = not including GST = Goods and Services Tax Example: Price $10 ex GST, 10% GST rate GST tax on $10 is 10% of $10 = 1$ Total Price is $10 + $1 = $11
GST is first applied ,then PST.
It is important to record invoice date and record date in the same month so you can get GST back. This can help you get rich and do other wicked physical activity.
The GST was introduced by John Howard.
John Howard introduced the GST (Goods and Services Tax)in 2000.
Ghoug whiltilam
1986.
1 October 1986.
Brian Mulroney was the Prime Minister of Canada whom introduced the GST.
It's always been called GST (Goods and Services Tax).
When the GST was introduced, after we were told it would not be, we were promised it would remain at 10%. At present, it is still 10%.
he introduced GST (goods and services tax)
Brian Mulroney introduced the Tax while Prime Minister in 1991.
1st of july 2000
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