BL, TX-NC

what is the difference between these two codes?

Asked on March 15, 2018 2018-03-15 05:56:52 Business (商家)
Add Comment
1 Answer(s)

Tax Code: BL

This refers to GST incurred by a business but GST registered trader is not allowed to claim input tax incurred as prescribe in Regulations 36 Disallowance of Input Tax, GST Regulations 2014. Disallowance of Input tax are such as the supply to or importation of a passenger car, and the supply of goods or services relating to repair, maintenance and refurbishment of a passenger motor car.

Tax Code: TX-NC

This refer GST paid on a purchase and the company choose not to claim the input tax incurred. Any transaction using this code will not be declared in field 6a & 6b of GST-03 return. For example, the company choose not to claim 10 parking invoices and attain it as a company expenses.

Answered on March 15, 2018. 2018-03-15 06:09:40
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.