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.