3A Accounting System

Thursday, February 5, 2015

What is Zero Rated Supply?

  • Businesses are eligible to claim input tax credit in acquiring these supplies, and charge GST at zero rate to the consumer.
  • Is a Government effort to help to relieve the burden of the poor
  • More than 900 goods and services in the zero-rated list.
  • Full list of zero rated supplies can be refer to here, resources from Government official portal.
  • *** Updated on 2015/03/27, government had updated the document. Please find updated document from here (GOODS AND SERVICES TAX (ZERO-RATED SUPPLY) (AMENDMENT) ORDER 2015)

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