Cautious spending for now pending GST abolishment

Those who want to buy cars are holding back to compare the price difference once the GST is zero-rated next month.

THE impending abolishment of the Goods and Services Tax (GST) and zero-rated GST as of June 1 is good news for consumers who have put the brakes on spending in anticipation of reduced prices, especially for big-ticket items.

Before the official announcement was made on Wednesday by Prime Minister Tun Dr Mahathir Mohamad, consumers had taken a “wait-and-see” approach especially with regards to spending on non-essential products.