Hefty fines to greet businesses which fail to register for GST

  • Nation
  • Monday, 09 Jun 2014

PETALING JAYA: Businesses which are required to register for the Goods and Services Tax (GST) by the year-end but failed to do so could face fines of up to RM20,000, warns the Customs Department.

Customs senior assistant director Chin Jek Bin said Late Registration Penalties would be imposed on businesses which did not register by Dec 31.

“The penalty will be RM1,500 for the first 30 days to a maximum of RM20,000,” said Chin, after a GST awareness programme at the Customs Complex here.

She said it was mandatory for businesses, which had a turnover of more than RM500,000, to register while those below the threshold could voluntarily apply to register.

Chin said registration had opened on June 1 and there was ample time for businesses to register either online, by post or by coming to the Customs Department.

“We hope businesses do not wait until the eleventh hour to apply,” she said.

Chin also cautioned businesses from jumping the gun and imposing GST before April 1, 2015.

She said the department had received and investigated complaints from consumers.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Man killed, another injured in Simpang Pulai accident involving five lorries
Dewan Rakyat Deputy Speaker: Parliament has facilities, ready for hybrid sitting
Do you know ... about sugarcane?
INTERACTIVE: Identified as source of plastic waste into the sea, Klang River faces major cleanup
Man charged with murder
Vernacular schools desperately short of teachers
Clash between lekor and laksa sellers sends ingredients flying
Grateful for extra financial help
‘Everyone must do their part’
State govt seeking consent from Selangor Sultan on assembly sitting

Stories You'll Enjoy