3A Accounting System

Thursday, February 5, 2015

What is Exempt Supply?

  • Businesses are not eligible to claim input tax credit in acquiring these supplies, and cannot charge output tax to the consumer.
  • Is a Government effort to help to relieve the burden of the poor
  • Full list of exempt supplies can be refer to here, resources from Government official portal.
  • *** Updated on 2015/03/27, government had updated the exempted supply list, latest list can be downloaded from here (GOODS AND SERVICES TAX (EXEMPT SUPPLY) (AMENDMENT) ORDER 2015)

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