TaxTMI 
TaxTMI 
Where goods are purchased and sold on highseas basis ( which is treated as no supply post 01/02/2019) is the GST credit of clearing agent charges, eligible to be taken
ITC on clearing agents bills for high seas sales eligibility
06 Feb 2019 
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Input tax credit on clearing agent services likely claimable despite high seas no supply treatment, subject to apportionment.
Whether Input Tax Credit on clearing agent charges is claimable when goods are sold on a high seas (no supply/non GST) basis turns on whether those services are treated as independent taxable services and whether they fall within the exclusion of specified Schedule activities from the definition of exempt supplies; if not exclusively used for non GST transactions and not recharacterised as exempt, ITC is likely available subject to identification and apportionment rules for mixed uses. (AI Summary)
Whether Input Tax Credit on clearing agent charges is claimable when goods are sold on a high seas (no supply/non GST) basis turns on whether those services are treated as independent taxable services and whether they fall within the exclusion of specified Schedule activities from the definition of exempt supplies; if not exclusively used for non GST transactions and not recharacterised as exempt, ITC is likely available subject to identification and apportionment rules for mixed uses. (AI Summary)