SME Chatroom: 'No GST on expenses incurred as pure agent'

You need not include the costs and expenses you incur as a 'pure agent' in the value of taxable supplies, provided you fulfil the conditions stated in Rule 33

We had received a letter of credit (LC) for export of certain goods. The LC, besides other documents, calls for a “clean on board” bill of lading (BL). We have shipped the goods and obtained a BL. The word “clean” appears on the BL but has been struck off. Can the buyer or banks refuse to pay on the grounds that it is not a clean BL?

No. Article 27 of the Uniform Customs and Practices for Documentary Credits, 2007, ICC Publication no. 600 (UCP 600) says that a clean transport document is one bearing no clause or notation expressly