Customs Dept issues 37,556 GST-related compounds


KUALA LUMPUR: The Royal Malaysian Customs Department has issued 37,556 compounds for various offences related to the goods and services tax (GST) from April 1, 2015, to Feb 17, 2017, said the Finance Ministry.

The ministry said the compounds were issued for failure to display prices inclusive of GST, failure to submit the returns statement and payment, tax invoices and registration-related offences.

The ministry said this at Dewan Rakyat on Wednesday in a written reply to Er Teck Hwa (DAP-Bakri).

Er wanted the ministry to state the total number of companies and organisations that implemented the GST and received the compounds.

The ministry said Johor recorded the highest number of compounds with 8,104, followed by Kuala Lumpur (5,036) and Selangor (4,707).

Meanwhile, the ministry said up to Feb 21 this year, 435,809 entities had registered under the GST. - Bernama

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Nasdaq poised for higher open as Nvidia firms after selloff
Bursa Carbon Exchange completes inaugural renewable energy certificates auction
Ramssol acquires 51% stake in Geekstart for RM6.9mil
Magni-Tech 4Q earnings jumps 33.6%
Govt, business sectors need to collaborate to boost competitiveness
Ringgit ends higher versus US dollar, regional peers
IOI Properties get proposal for joint development of Shenton House in Singapore
UWC expands capacities amid semiconductor and EV projects
Keyfield invests RM172mil in two vessels
Gamuda raises annual dividend by 33% to 16 sen, signals bullish growth prospects

Others Also Read