Can a company debit card statement be submitted in place of a receipt?
Yes but only as a last resort.
A card statement confirms the transaction happened but doesn't itemise what was purchased, so it's not sufficient on its own to support a GST claim.
Where no actual receipt can be obtained, follow the missing-documents process: cash code the transaction.
For GST clients, no GST claim is made against it.
And for all clients, once a transaction is cash coded, the expenses is treated as non deductible in corporate tax return filing.
