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Showing posts with label GST. Show all posts
Showing posts with label GST. Show all posts

RM690 million in net revenue from GST expected

KUALA LUMPUR: Citi Research, a division of Citigroup Global Markets Inc, expects RM690 million in net revenue from the Goods and Services Tax (GST) in 2015.
It said the forecast was based on GST gross revenue of RM23.3 billion, revenue losses from the sales and services tax (SST) abolishment (RM13.8 billion), revenue losses from the expanded list of exempted goods (RM3.8 billion), and expanded assistance programmes (RM4.9 billion).

PSM Statement 23 January 2015 - Now is not the best time to implement GST

By S. Arutchelvan
Mr Prime Minister, you said yesterday that now is the best time to implement the GST because you claim that with the decrease of fuel prices, Malaysians will have more money in hand and have a higher purchasing power.

This is totally untrue. The decrease in fuel prices has not made prices of other goods go down. This has never happened before and you know very well that our enforcement agencies can never bring down prices of goods. You have also cut subsidies which mean you have left prices in the hands of the market. On ground 0, the rakyat is facing a massive increase in daily expenses and people and businesses just talk about further price increase after the GST. No amount of creative advertisement by the Government seems to dispel this fear.  

GST should be postponed, says Sabah activist

By Ezra Haganez
KOTA KINABALU: The Federal Government should consider calls to postpone the implemention of Goods and Service Tax (GST) this April, as more than half of  eligible businesses in Sabah appeared not yet ready for it.

A consumer activist who is also a trader, Donny Yapp, in a statement today said many businesses especially in Sabah have yet to register with the Royal Custom Department and that many more have not acquired or installed GST-compliance accounting software.

GST: Sabah BN leaders need to examine their heads, says Jeffrey

Kota Kinabalu:    “The Sabah government leaders need to have their heads examined for wrongly supporting the implementation of GST in Sabah without considering the rights of Sabah and the welfare of Sabahans” said Datuk Dr. Jeffrey Kitingan, STAR Sabah Chief in response to the Chief Minister’s statement that the Government is supporting the implementation of GST in Sabah and the call by PBS to open talks with the federal government to safeguard Sabah’s revenue base that may be eroded by the GST.

Najib: GST kemungkinan selepas PRU-13

Perdana Menteri Datuk Seri Najib Razak hari ini berkata bahawa kerajaan sedang meninjau kemungkinan untuk melaksanakan cukai barangan dan perkhidmatan (GST) selepas pilihan raya umum akan datang.

NONEBercakap kepada pemberita selepas majlis makan malam Persidangan Antarabangsa CEO Forbes di Kuala Lumpur hari ini, Najib berkata Lembaga Hasil Dalam Negeri telah diminta untuk memastikan segala sistem sudah bersiap-sedia. Katanya, isu sekarang ialah masa yang sesuai bagi pelaksanaan berkenaan.

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