GST net collection may not be as high as thought


IT is highly likely that the government’s revenue position from an indirect tax collection will not improve immediately should the country make a switch to the goods and services tax (GST) from the current sales and service tax (SST) system.

Any GST reimplementation would likely see a dip in terms of net collection and then this will rise perhaps only later on, says Grant Thornton Malaysia’s senior executive director for indirect tax Alan Chung.

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GST , SST , Sales Tax , Grant Thornton , Alan Chung

   

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