a supply made to a connected person who is not entitled to a credit for input tax for the whole or any part of the tax on the supply Schedule 3 of the GST Act provides specific rules on how the OMV of the goods
+Australiausesthetermsinputtaxed,andGST-free insteadofexemptandzerorated +Exemptorinputtaxeditemsarethosewhere: -theconsumerpaysnoGST,but -thesuppliercannotgetaninputtaxcreditbackforGSTpaidoninputs +Examplesinclude: -financialsupplies -residentialrentalproperties -saleofestablishedhomes Exemptions,andzerorating...
[with no refund of unutilised input tax credit; Idli and dosa batter; Finished leather; chamois and composition leather; Coir cordage and ropes, jute twine, coir products; Fishing net and fishing hooks; Worn clothing; Fly ash brick, aircraft tyres, puffed rice chikki, flour of potatoes, ...
a supply made to a connected person who is not entitled to a credit for input tax for the whole or any part of the tax on the supply Schedule 3 of the GST Act provides specific rules on how the OMV of the goods or services can be determined. This is take...