Incidental Exempt Financial Supply

Owned by l (Unlicensed)
Last updated: 2015-May-28 by Ghugan Sivaperumal (Unlicensed)
1 min read

Can claim input tax attributable to financial supplies as if it is input tax attributable to taxable supplies:

1. deposit of money
2. exchange of currency
3. holding of bonds and other debts securities
4. transfer of equity securities
5. provisions of loans, advances or credit to employees or connected persons
6. holding or transfer of unit trust
7. hedging of interest, commodity, utility or freight risk
8. assignment of provision of trade receivables

Private & Confidential