The hard truth about GST

FOR goods and services tax (GST)-registered businesses who have monthly filing obligations, they would have filed their August 2016 GST return last month and this would have been their 17th GST return since Malaysia introduced this consumption tax on 1 April 2015.

After 17 returns, what is the state of play now? Do businesses know what they need to know to meet their expected GST obligations? With the 2017 Budget announcements coming up on Oct 21, 2016, what can businesses expect in terms of amendments or changes to the GST regime to improve the tax system?