Fungus Pudding there are and always have been exemptions Read the GST ACT bank fees for one are GST exempt. The reason for very few exemptions has gone with the adoption of computers. That was one of the reasons the increase to 15% was actually possible try working out the 15%GST without A computer for a gst return it is not simple like it is for 10% & 12.5%. It could even be included in the products barcode as to the products GST stutus