Late GST refunds a headache


Low says the delay in refund for GST bills is causing difficulties in paying human capital, rent and other operating costs.

An insistence on full audits of accounts before refunds on GST bills is causing cashflow problems for businesses. ACCCIM tells CHERYL POO that a quick resolution is needed.

MANY companies have not received the refunds on their goods and services tax (GST) bills, and this has become a cashflow problem for them.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Central Region , GST , refund , customs

   

Next In News

Anwar to make three-day working visit to Japan
Russia arrests ex-commander of 58th army on suspicion of fraud, TASS says
Hardware store probed for allegedly selling nails at 20sen each
Another Russian exodus: Many who fled to Turkey move on again
Robber who slashed moneylender in Kudat nabbed
Exhibition on Hang Tuah boosted by artefact loan from Indonesian heir
Mohamad Sabu to represent country at Iranian President Ebrahim Raisi's funeral, says Anwar
Iranian President Raisi's memorial muted amid public discontent
Man feared drowned after being swept away on boat in Kinabatangan river
Broken pipe being repaired on Jalan Tun Razak, says Air Selangor

Others Also Read