Home > News > Nation
Friday August 15, 2014 MYT 12:00:00 AM
Friday August 15, 2014 MYT 9:31:19 AM
by farik zolkepli AND stephanie lee
KOTA KINABALU: The Goods and Services Tax (GST) will be implemented on April 1 next year as scheduled, said Deputy Finance Minister Datuk Ahmad Maslan.
He reminded operators of businesses with an annual turnover of at least RM500,000 that they should no longer wait to register for GST.
“Those involved have all the information they need at their fingertips. They cannot say that they do not know about the GST or how to go about it,” Ahmad said after attending the third annual civil servant meeting here yesterday.
He added the Government had no reason to delay the implementation of GST as any hold-up would cause hiccups in the taxation system.
“So I advice those involved to register as soon as possible before Dec 31,” he said.
According to the Customs Department, more than 10,000 out of 300,000 businesses that are potentially liable for the Goods and Services Tax (GST) have registered with the department.
However, Customs director-general Datuk Seri Khazali Ahmad said the number was still low as it only represented 9.1% of establishments with revenues of RM500,000 and above.
“As the deadline to sign up is Dec 31, I strongly urge businesses to register as soon as possible so that we can give them more explanation on the implementation of GST,” he told a press conference after launching Ops Pacak here yesterday.
He added that registering early would enable business owners to apply for a GST e-voucher from SME Corp worth RM1,000 and a “hand-holding” workshop that would give further information on cash-flow management under a GST regime.
“The department will conduct a hand-holding programme in October to provide registrants with a detailed explanation,” said Khazali, who added that the department would deploy hundreds of personnel to reach out to eligible businesses.
Low registration for GST
Tags / Keywords:
Courts Crime, gst, customs dg datuk seri khazali ahmad
Five-year-old boy drowns at Serendah falls
Protesters gather in support of arrested rally participants
Twenty-nine arrested over Sogo rally
Police say no truth to Gani Patail being arrested
Mother loses RM50K thinking son was arrested for drugs
An avid cyclist till the end Kin pay tribute to sports-loving dad who picked up cycling five years ago
Good source to start them young
Reezal Merican: No cover-up of information in 1MDB probe
Part-time model stripping case on Aug 10
Dr M: No political donations banked into my account
How to manage your project cashflow
Fishing for your dinner
German carmakers buy Nokia maps to fend off digital rivals
Cech unnerved his former Chelsea team mates, says Wenger
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)