2 posts tagged with "Record keeping"

This note is a structured knowledge outline for understanding Australian Fuel Tax Credits from a BAS, workpaper, and software-design perspective.

It focuses on the legal definition, the evidence needed to support a claim, manual record-keeping standards, software integration options, and the broader market context. It is a summary and index, not tax advice.

When you design or review a GST process, the control you implement should match the legal evidence standard.

1 One-line conclusion:​

In Australia, claiming GST credits usually hinges on holding a valid tax invoice (especially above the A$82.50 threshold).
while in New Zealand, claiming GST relies on keeping sufficient taxable supply information, which can be supported by a combination of records rather than a single “tax invoice” document. ([Australian Taxation Office][1])