KUANTAN: A viral social media post claiming that an air-conditioning unit costing RM700 will have its price nearly doubled once it reaches the consumer after the implementation of the Goods and Services Tax (GST) is totally wrong, said Deputy Finance Minister Datuk Ahmad Maslan.
He said the writer of the post had failed to take into account the input tax credit system which would make sure there was no cascading tax applied to the item.
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