Late GST refunds a headache

Low says the delay in refund for GST bills is causing difficulties in paying human capital, rent and other operating costs.

An insistence on full audits of accounts before refunds on GST bills is causing cashflow problems for businesses. ACCCIM tells CHERYL POO that a quick resolution is needed.

MANY companies have not received the refunds on their goods and services tax (GST) bills, and this has become a cashflow problem for them.