Iras goes after GST cheats

The tax authorities are stepping up checks on businesses to nab and deter Goods and Services Tax (GST) cheats.

GST is now the No. 2 revenue-earner for the government after corporate income tax, and netted S$9bil (RM23.4bil) in the financial year ending March 31 last year, up from S$2.2bil (RM5.7bil) 10 years earlier.