SMEs raise concern over goods and services tax


PETALING JAYA: Small and medium enterprises (SMEs) have raised concerns over the rising prices of the GST-compliant software and the hiking of fees by financial consultants that manage their financial books as the implementation of good and services tax (GST) drew near.

As per the Customs Department, the GST-compliant software is an accounting programme that has GST features or elements for recording transactions.

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!
   

Next In Business News

SC wins insider trading civil suit involving GW Plastics shares
Paper packaging firm Ornapaper to diversify into property development
Econframe expects favourable outlook for M’sia’s industrial property market
SC, USM collaborate to cultivate fintech talents
Ringgit gains some ground against US dollar on DXY decline
RHB Asset Management launches Malaysia's first RHB Global Equity Premium Income Fund
Sapura Energy to divest stake in SapuraOMV to TotalEnergies for RM3.37bil
Sunview and Vision Ambassadors form JV for renewable energy development
Southeast Asia has potential to attract more venture capitalists - KWAP
Axis REIT to acquire two properties in Klang for RM351.8mil

Others Also Read