GST Return Form

Just a warning to take care with your GST returns should you still be using older versions of the software.

Unless you are on the latest version (19.5) don’t use the Prepare GST Return – it doesn’t calculate 15% GST but 12.5%! Some of you have already had friendly reminders from the IRD on this one. Best to print the GST Detail reports and then use the totals at the bottom to submit your GST Returns. Also, a reminder about credits; credits entered after 1 Oct 2010 but relating to pre-30 Sept 2010 invoices, must use the S code (12.5%).

Related posts:

1. GST Adjustment – Sept 2010 return
2. GST Assistant (NZ users)
3. List of Customer Transactions
4. Locking periods after your GST Return is complete