Today we publish the second of a series of four weekly articles on the issue related to goods and service tax (GST) and its impact on selected industries and services. In the first instalment, Bhupinder Singh discusses the impact of the tax on financial institutions in Malaysia.
IN keeping with the Government’s stated intent of applying the Goods and Services Tax (GST) to the broadest possible base on Jan 1, 2007, under the tax reform proposal announced in the 2005 Budget, almost all supplies in the property and construction sector may be subject to the GST.