GST better than SST, says World Bank

More than 170 countries around the world have adopted some kind of value-added tax or GST system, and that is one reason why the GST is more efficient than the SST, the World Bank Group lead economist Apurva Sanghi said.

KOTA KINABALU: The goods and services tax (GST) is better than the sales and service tax (SST) because the GST widens a country’s tax base and brings in more revenue, says the World Bank Group lead economist Apurva Sanghi.

More than 170 countries around the world have adopted some kind of value-added tax or GST system, and that is one reason why the GST is more efficient than the SST, he said.