Do you file your GST returns online?
Inland Revenue Department (IRD) has recently launched an improved online GST return which will make your job better.
When you access your GST return in your myIR (secure online services account), it will have the personal details section already filled out. You need not log in your name and address every time, and you would not need a document lodgement number (DLN).
When you add the income and expense figures, the system will do all the calculations for you.
You can save a draft version of the return and go back to it later.
If someone else in your business does the GST, the service allows business owners to delegate responsibility for filing the return to another person.
When your return is filed, you will get immediate confirmation that IRD has received the return.
Paperless process
It is a simple matter of saving a copy of your return directly in your record-keeping system. Or, the GST return details can be viewed in myIR.
Over time, you will be able to view your GST history in one convenient place.
Whether you pay GST or get refunds, you will be able to keep track of your return while it is being processed.
Once you have filed your first GST return using the new service, IRD will stop sending you paper returns.
But do not worry; you will get a reminder when your next return is due.
If you do not have an online account, click on ‘Register’ and follow the onscreen instructions.
If you are operating a business, a myIR account can be set up only by a GST registered person or company (including directors, executive office holders, trustees, or partners of partnerships).
If you are still filing paper returns, switch to online filing now! With a myIR account, you can access our various other services.
Free Workshops
If you are in business, you may like to attend one of our free tax seminars or workshops held in various parts of the country.
Visit www.ird.govt.nz and enter the search term ‘Seminars.’
Abdul Rafik is Inland Revenue’s Community Relationships Advisor based in Auckland. He will answer your queries emailed to venkat@indiannewslink.co.nz
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