Chapter 6

Understanding GST

In This Chapter

arrow.png Getting your head around how GST works

arrow.png Deciding whether to register for GST, and what boxes to tick if you do

arrow.png Forging neural pathways with amazing feats of multiplication and division

arrow.png Applying this strange and wonderful tax to real-life situations

arrow.png Setting up tax codes in your accounting software

arrow.png Keeping your nose squeaky clean

arrow.png Making sure your paperwork is up to scratch

Holey moley. As part of researching this chapter, I decided to download ‘The Simple Guide to GST’ from the Australian Taxation Office website, along with its twin sister equivalent from Inland Revenue in New Zealand. Many hours and 168 pages later, I was left with a strange sensation that I couldn’t quite put into words.

Then in the night it came to me. Obfuscation was the ...

Get Bookkeeping For Dummies, 2nd Australian & New Zealand Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.