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Those companies with coin-operated machines - please take note.
- Apply for exemption
Section 33 (1) of the GST Act 2014 requires the issuance of Tax Invoice if a registered person makes a taxable supply.
The supplies of goods or services through any coin-operated machines, such as video game, vending machine or snack machines are taxable supplies and are subject to GST.
As it is not appropriate to issue a tax invoice for these coin-operated machines, please apply to the DG for exemption not to issue a tax invoice, as provided for under subsection (3).
Apply online via TAP on GST Customs portal. Approval should be a matter of formality.
- Removal of coins/notes from coin-operated machines
Section 196 of the GST Act 2014: A supply of goods or services from any machine or device operated by coins, tokens and the like is treated as follows:
a) the first removal of the collection within one week beginning on the effective date shall not be subject to tax and any subsequent removal within one week beginning on the effective date shall be deemed to be tax inclusive; and
b) any removal of the collection after one week beginning on the effective date shall be deemed to be tax inclusive
As such, please remember to remove the collection by 7th April and as close to 7th April as possible. Any subsequent removal before 7th April or any removal after 7th April is subject to GST (calculated using tax fraction of 6/106).
The receipt/slip generated from the machine upon coins/notes removal is the evidence Customs’ auditors will look for.
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.
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