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Incidental exempt supply
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Incidental exempt supply
Hi
Wish to check , since interest income received for loan to related company is an incidental exempt supply, do we need to issue tax invoice with GST 0% or issue normal invoice to related company?
Thank you.
Wish to check , since interest income received for loan to related company is an incidental exempt supply, do we need to issue tax invoice with GST 0% or issue normal invoice to related company?
Thank you.
emhan- Posts : 20
Join date : 2015-02-24
Re: Incidental exempt supply
DG's Panel Decision 4/2014 Item 3: To avoid confusion to the consumer, the GST registered supplier must not issue tax invoice when only making only exempt supply (non-taxable supply).
joseph- Posts : 277
Join date : 2014-09-25
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