• Terms we use

    When we say:

    • sales, we mean the GST term supplies, including
      • the sale or a supply of goods or services
      • lease of premises
      • equipment hire
      • giving advice or information
      • exporting goods
    • purchases, we mean the GST term acquisitions, including goods and services, such as
      • trading stock entering into a lease
      • consumables
      • other things acquired in the course of your operations
    • GST credits, we mean the GST term input tax credits
    • payment (made or received) we mean the GST term consideration
    • officer, we mean an office holder - for example, a treasurer in an organisation which is a company
    • agent, we mean any person or entity that is authorised to incur expenses on behalf of the organisation
    • an expense is listed as non-deductible, we mean non-deductible expenses in External Link of A New Tax System (Goods and Services Tax) Act 1999 – for example, recreational club expenses and some entertainment expenses.
      Last modified: 07 Jun 2013QC 21235