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General : GST The Way Forward

by S.Kisho Kumari and Erda Khursyiah Basir

PUTRAJAYA, (Bernama) — The proposed implementation of Goods and Services Tax (GST) has caused consternation among Malaysians, with many unsure of how the consumption tax is going to affect their lives.

Without a clear understanding on the significance of GST in the first place, many have been harbouring unfounded fears and even have opposed the new taxation system announced by Prime Minister Datuk Seri Mohd Najib Tun Razak in his 2014 Budget speech.

The GST, effective on 1 April 2015 with a fixed rate of six percent, will replace the current Sales and Service Tax …
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