With less than six months left for the implementation of the goods and services tax (GST), a survey reveals that half of the Chinese small and medium enterprises (SMEs) still do not understand the various GST terms.
The report shows that only half (50 percent) of the respondents know what are standard rated supply, zero rated supply and exempt supply.
Meanwhile, only 60 percent of the respondents understand what is input tax and output tax.
Full story: http://www.malaysiakini.com/news/280778
