Avoiding cash costs and mistakes: lessons from ten years of compulsory zero rating for land transactions

The 1st of April 2021 marked ten years since the GST compulsory zero-rating (CZR) rules for land transactions were introduced. The CZR rules were introduced to stop abusive arrangements in respect of B2B transactions where the vendor did not account for GST but the purchaser claimed a GST deduction.

Source: PwC