Do you understand the goods and services tax and how it effects you?

Q: Will I have to pay goods and services tax (GST) if I buy goods from a “kedai runcit”?

A: The Government has indicated that basic food and price control items will be zero rated and therefore no tax will be charged on these items. However, if the “kedai runcit” has a turnover in excess of RM500,000, it will charge GST at 6% on taxable items only.