Deadline for GST statements now Aug 14


SUBANG JAYA: Business owners who have yet to submit their GST return statements to the Customs Department can heave a sigh of relief as they have been given a two-week extension to do so.

Deputy Finance Minister Datuk Chua Tee Yong said the July 31, deadline has been pushed to Aug 14.

“Many of the companies were small and medium-sized enterprises.”

These companies, usually having a turnover of less than RM5mil per annum, are required to hand in the return statements every quarter, Chua said.

“This is their first time submitting it.”

After holding discussions with the Customs Department, Chua said the deadline had been extended to allow business owners more time to submit the necessary documents.

According to him, only around 30% to 40% of business owners managed to comply with the July 31 deadline.

The extension will also give companies that made errors in their statements more time to correct them.

“But companies with a turnover of RM5mil and above will not get to enjoy the extension, as these companies have been submitting monthly statements since May,” Chua said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , gst , statement , chua tee yong

   

Next In Nation

Bersatu stands by Muhyiddin, says Deputy President
CITF taking measures to prevent congestion at PPVs in Klang Valley
Dr Wee expresses condolences to family of victim who died in LRT3 mishap
Confusion over BN letterhead to media on support for Muhyiddin
Thorough probe to be conducted into LRT3 construction site mishap, says Prasarana
Covid-19: Melaka govt offering columbarium niches for those facing financial problems
Najib stands with Perikatan Nasional government, but not Muhyiddin as Prime Minister
Follow SOP to reduce Covid-19 infection rate, IGP urges public
Covid-19: Cluster linked to JB Aidiladha visit among 36 new clusters
Dr M calls for PM and Cabinet to resign

Stories You'll Enjoy


Vouchers