Creating greater efficiency in Goods and Services Tax (GST)

Figure, Kathy and Yaghoubi, Reza (2018) Creating greater efficiency in Goods and Services Tax (GST). Applied Management Conference, Hamilton, New Zealand, 23-25 October, 2018.

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Abstract or Summary

This study aims to investigate how to create better efficiency in GST for a small painting business in the Waikato by enlightening and exploring the context of GST in the economy. This study uses secondary research in which the information is sourced from databases, using academic journals, published articles and then further multiple search engines which include government websites for discussion papers, legislation, and books. Re-occurring themes linking to the topic of creating greater efficiency in GST were identified. These ften linked to the history and the future of GST. The themes were analysed further, leading to the conclusion that particular factors affect poor compliance and showing why compliance is important for GST registered businesses. The study recommends that in order to create better efficiency in GST at a small painting business in the Waikato, they should adopt the new government initiative that is aimed at reducing compliance costs and simplifying the way information is submitted. This will help to incorporate efficiency in GST into their administration, using their accounting software package. Further research into GST is recommended to keep the business up to date with compliance.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:Goods and Services Tax, GST, accounting, painting business
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6439
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Deposited On:13 Dec 2018 03:27
Last Modified:13 Dec 2018 03:27

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