Home > News > Nation
Saturday June 7, 2014 MYT 12:00:00 AM
Saturday June 7, 2014 MYT 11:40:09 AM
by lee yen mun
PUTRAJAYA: The Government has yet to decide if petrol and diesel would be exempted from the proposed Goods and Services Tax (GST), said Deputy Finance Minister Datuk Ahmad Maslan.
Ahmad was replying to media queries pertaining to a recent Chinese daily report claiming that the Government would be unveiling a new fuel subsidy mechanism that is said to be based on a person’s income and vehicle capacity.
“That is mere speculation. It may happen, it may not happen, so I cannot give you a conclusive statement on this (whether petrol and diesel will be exempted from the GST),” he said after a GST briefing to social media users at the ministry here yesterday.
Items that are on the GST exempt list so far include rice, flour, sugar, salt, cooking oil, baby formula, fresh vegetables and fruits, meat, and the first 300 units (kWh) of electricity for households.
Ahmad said a shoppers’ guide containing the prices of some 1,000 consumer items to be affected by the GST would be released in January.
Ahmad maintained that the GST was a more transparent form of taxation which would replace the existing Sales and Services Tax, and urged the public to lodge complaints with the Domestic Trade, Cooperatives and Consumerism Ministry over unreasonable price hikes.
“We cannot release the guide anytime sooner because we do not want businesses to try to speculate on the prices of these goods and raise prices before the GST is implemented,” said Ahmad, who also revealed that there would be 225 items that would be GST-exempt.
Ahmad appeared uncomfortable when pressed for comment on criticisms against two senior Treasury officials who were blamed for allegedly failing to manage public perceptions on the GST.
“Never mind. We did not ask anyone to resign. They (critics) have their right to voice their opinion and I have no comment on this,” he said.
Tags / Keywords:
Government, Goods and Services Tax, Finance Ministry, Ahmad Maslan, Puad Zarkashi, petrol, diesel
Making a little go a long way
‘Unwarranted attacks on PM will affect economy’
More zero-rated, GST-exempted items under consideration
‘KFC posting’ not by me, says Ahmad Maslan
Ahmad Maslan: More items may be GST-free
Housewife charged with killing her child
Mahmud tells court Cahya Mata Sarawak Berhad shares enough for ex-wife’s claim
Addressing maritime issue will take time, says China
Lights, sound... CHEER
Future Asean policies must be based on inclusiveness and sustainability, says Najib
How to manage your project cashflow
Guro extends orang utan sponsorship
Malaysian racer Jazeman needs corporate sponsors for F1 drive
Hackers take down part of German federal prosecutor's website
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)