CA. RAJAT MOHAN
B.Com(H), A.C.A., D.I.S.A.

TAX RATE

COUNTRY GST RATE DATE OF INCEPTION
Australia 10 % 1 July 2000
Canada 5 % 1 January 2008
New Zealand 12.5 % 1 October 1986
Singapore 7 % 1 April 1994

EXEMPTIONS

Australia

GST Free Supplies

1. Health and Medical Care

Services by medical practitioners and pathologists; Services by allied health practitioners such as physiotherapists, naturopaths, nurses and optometrists; Hospital treatment; Disability services; Medical aids and appliances; Pharmaceuticals; Health insurance.

2. Educational Supplies and Childcare

School and university fees; certain coarse materials, Student accommodation, Professional and trade courses, Approved childcare.

3. Fresh Food and Beverages (See Note 1 Below)

Food and ingredients for food for human consumption, beverages for human consumption and ingredients for such beverages, goods to be mixed with or added to food for human consumption (including condiments, spicings, seasonings, sweetening agents or flavorings), fats and oils marketed for culinary purposes and any combination of any of the above

4. Other GST-Free Supplies

Sale of a “going concern”, a grant of crown land, certain sales of farm land, water, sewerage and drainageand cars for disabled people

Input-taxed Supplies

No GST can be charged in respect of following input taxed supplies, which includes: Financial supplies, Residential premises for rent, Sales of residential premises (but not new homes) and certain transactions involving precious metals.

Canada:-Tax-exempt goods include: Basic groceries, Prescription drugs, inward/outbound transportation and medical devices and Certain exports of goods and services are also zero-rated.

Tax-exempt supplies include: long term residential rents, health and dental care, educational services, day-care services, legal aid services, and financial services

New Zealand:-Businesses exporting goods and services.

Singapore:-Sales and leases of residential properties, most financial services, Export of goods and international services.

Note 1 : Items specifically excluded from the definition of food are:

  1. live animals, except crustations and molluscs
  2. unprocessed cows milk
  3. unprocessed or untreated grain, cereal or sugar cane which is unchanged in form, nature or condition
  4. cultivated plants that can be consumed as food for humans without processing or treatment

In effect, the exclusions mean that food will not generally be excluded from the GST until they have been processed or treated in some way. So sale of products by primary producers to processors or traders will be subject to GST.

MOHAN AGGARWAL & ASSOCIATES

Chartered Accountants

F-31 D.B. Gupta Market, Karol Bagh, New Delhi

Office Phone: 011-23672609 / 23535809

Mobile: 9910044223

Web url: www.delhicamohan.com

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