Protecting the poor under GST

MAICSA PERSPECTIVE: A monthly series by The Malaysian Assssociation of The Institute of Chartered Secretaries and Administrators 

THE most efficient and effective goods and services tax (GST) is one that covers virtually all goods and services at a single rate. It will, however, allow exemptions on cost-efficiency grounds for small businesses and for certain transactions involving special considerations, but will confine zero-rating – which means zero GST – to exports.