KUALA LUMPUR: Retailers must start preparing now for the implementation of the goods and services tax (GST) to avoid last-minute chaos and business disruption, said Malaysian Retailer-Chains Association (MRCA) president Datuk Nelson Kwok.
He said Malaysians were known to wait until the last minute and this would inevitably cause confusion when the GST takes effect on April 1, 2015.
“Retailers are bound to face challenges and teething problems in the early adoption stage of the exercise,” he said during a briefing on the impact of the GST on retail businesses here yesterday.
The briefing was organised by MRCA together with Retail Group Malaysia and Goldsoft Sdn Bhd, a retail software provider, to discuss issues faced by retail-chain businesses in the implementation of the GST. — Bernama
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