Posted by 90754248 > 2014-10-23 16:48 | Report Abuse
Extracted from GUIDE ON COMMERCIAL BANKING)
Credit, Debit or Charge Card
Q18: Most banks waive the annual subscription fee on the credit card to make
it competitive in the market. Is the waived annual subscription fee subject to GST?
A18: Since there is no consideration for the supply of service, the bank need not charge GST on the waived annual subscription fee.
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
博文郑
384 posts
Posted by 博文郑 > 2014-10-23 13:29 | Report Abuse
Usually annual fees can be waived...