AUG 28Your GST return and payment is due for the taxable period ending 31 July.
SEP 28Your GST return and payment is due for the taxable period ending 31 August.
OCT 28Your GST return and payment are due for the taxable period ending 30 September. (This is an extension of the usual 28 October due date.)
When you can use buyer-created tax invoices
Where both parties agree, any GST registered buyer purchasing from a GST registered seller can issue a buyer-created tax invoice. You do not need our approval.
The following examples show when you could use buyer-created tax invoices.
When the buyer determines the price
Buyer-created tax invoices are useful where the buyer is in a better position than the seller to determine the price of the goods or services.
For example, an abattoir buys sheep from a farmer. The abattoir weighs, slaughters and prices the sheep. It also determines other costs, such as levies.
The abattoir is in a better position than the farmer to issue a tax invoice.
When the buyer wants to standardise invoices
Buyer-created tax invoices help the producer standardise their invoicing system.
Buyer-created tax invoices are useful for buyers who buy the same goods or services from many sellers. As an example, a potato chip producer buys potatoes from many growers
Rules for buyer-created tax invoices
A buyer-created tax invoice must show:
- the standard information for a tax invoice
- the buyer and seller’s GST numbers
- 15% GST added to the gross supply of goods or services
- 15% GST added to any deductions or charges.
A buyer-created tax invoice can only be used if the buyer and the seller:
- are GST-registered
- agree that only the buyer will issue the tax invoice
- record the reasons for agreeing to buyer-created tax invoices (if the agreement is not part of the normal terms of business between the buyer and seller).
- keep a copy of the tax invoice.
Agreement between buyer and seller may be invalidated
We may invalidate the agreement before a supply because we consider 1 of the following applies:
- the buyer and seller have not complied with the agreement
- they have not recorded the reasons for the agreement where it is not part of their normal terms of business.