IRC Acting Commissioner General

IRC clarifies GST confusion

Dr Daton said effective from 1st January 2019, suppliers to resource companies will now charge GST to resource companies who will claim GST input credits in their monthly returns.

“In other words, ‘zero rating’, which previously applied to resource company suppliers has been removed from the GST Act in the 2019 Budget due to abuse of its application.

“Also on GST, provisions in the GST Act which allowed educational institutions to claim GST credits was repealed in the 2018 Budget effective from 1st January 2018.