FAQ #Zero-rated GST (0%)

Q.What is Change in GST?

As announced by Ministry of Finance on 16 May 2018, all supplies of goods and services which are now subject to GST at standard-rated (6%) becomes zero-rated (0%) effective from 1 June 2018.

Q. I started renting before 1st June 2018. Will my rental be adjusted to 0% GST?

Answer:

Yes. Existing rental customers will be charged a different rental price from invoice of 1st June onwards.

Q.I have submitted my order and paid 1st monthly rental fees in May 2018, but product is installed after 1 June 2018. Will my first refunded of 6% GST?

Answer

No. Tax Invoice issued and payment received before 1 June 2018 is subject to standard rate of 6%. However, the next rental fee will be adjusted, as below

 

 

Q. I have made 10% down payment for product outright purchase before 1 Jun 2018 and product is installed on or after 1 June 2018. How much do i need to pay for the remaining amount?

Answer

If the product is installed on and after 1 June 2018, you need to pay only the shortfall based on adjusted price:

 

 

 

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