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  • Transferring or selling an STC

    Once an STC has been created it can be sold or traded, either on the open market or through the STC clearing house. A sale or trade of an STC is a supply under the GST Act, which is defined as any form of sale or transfer. Therefore, if an STC is transferred for a payment and the other requirements of a taxable supply are satisfied, the person supplying the STC will have a GST liability.

    However, if you are transferring or selling the STCs and you are not registered or required to be registered for GST, and the transaction is not part of carrying on your business GST is not payable on the transaction.

    See also:

      Last modified: 17 Mar 2017QC 24820