Govt to decide on GST before year-end

KUALA LUMPUR: The decision whether to implement goods and services tax (GST) will be made before year-end after the Government completes a detailed study on the social impact of GST on the community.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said while GST would be a more effcient system of tax collection, there was a need to seriously look at the implications of implementing GST across the board as it had a social cost and could adversely affect small businesses.