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Business : GST: Be Extra Careful And Aware Of Pricing, Says Customs Department

By Nik Nurfaqih Nik Wil

KUALA LUMPUR, July 11 (Bernama) — Come April 1 next year when the Goods and Services Tax(GST) is implemented, consumers are advised to be extra careful when purchasing items or securing a service.

This, according to the Royal Malaysian Customs Department, is to avoid paying more than the actual price.

Assistant Director Annie Thomas issued a reminder that there are items or services which are zero, standard or exempted rated.

“If an item is zero rated for example, no GST is levied. It is the responsibility of the consumer to be aware of this.

“The relevant information will be available online by the Customs Department and the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK),” she said.

She told Bernama this after presenting a paper on the “Impact of GST on Distributive Traders and Enhancing your Accounting Software to be GST Compliance”, at the fifth session of the National GST Conference 2014 here today.

The two-day Conference which began yesterday is jointly organised by Malaysia’s national news agency Bernama and Tax Advisory and Management Sdn Bhd (TAMS).

The session was moderated by the Acting Deputy Editor-in-Chief, Bernama Economic Service, Mikhail Raj Abdullah.

Annie said the KPDNKK will also issue shopper guides to help consumers compare prices.

She added that since registration for the GST opened on June 1, a lot of companies had done so, but did not mention the exact number.

— BERNAMA

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