(1) Subject to subsection (3), a supply of goods is an exempt supply if it is specified in Schedule 2.
(2) Subject to subsection (3), a supply of services is an exempt supply if it is specified in Schedule 2.
(3) A supply of goods or services is not an exempt supply if, in the absence of subsections (1) and (2), the supply would be charged with tax at the rate of zero per cent under section 16.
(4) Notwithstanding subsections (1), (2) and (3), the exempt supplies listed under paragraph 2(dd) of Schedule 2 apply from the date on which this Act comes into force and terminates on the 28th day of February, 2014. (Inserted by Act 10 of 2012 and substituted by Act 5 of 2014)
DIVISION 2Rules relating to supply