Friday, October 10, 2014

Budget 2015: GST items


GST exemption

Based on feedback from the public the government will expand exemption list to include:
  • RON95 petrol, diesel and LPG
  • Electricity up to 300 Kwh (covering 70 percent households)
  • All local and imported fruit
  • White and wholemeal bread, tea, coffee, noodles
  • Medication for treatment of 30 diseases including heart disease and cancer
  • Newspapers

We need to read the Exempt Order List and Zero-Rate Order List to ensure no misinterpretation.