Businesses typically need to wait several days to receive paper statements confirming their transactions.

AB Limited electronically files GST returns every month. A few weeks later, the company gets a paper statement confirming the returns have been received and processed.

Accounting software which meets Inland Revenue requirements will send routine tax information directly into Inland Revenue’s computer system via the internet, so businesses won’t need to run a separate electronic tax filing process. The accounting software will also provide confirmation of transactions.

AB Limited uses accounting software that takes information out of the company’s sales and purchase records, and sends it to Inland Revenue on a monthly basis.
AB can check its GST position through its accounting software and, if it wishes, in its secure page in the Inland Revenue website.