Customs: 5,000 firms involved in GST fraud

The successful nationwide launch of the GST monitoring system (GSTM Phase 2) is a potential re-rating catalyst.

PUTRAJAYA: The Royal Malaysian Customs Department has identified more than 5,000 companies invol­ved in fraud over payments of the Goods and Services Tax (GST) since it was implemented on April 1, 2015.

Customs director-general Datuk Seri T. Subromaniam said the depart­­ment had also opened investigation papers against all the companies involved, with some already charged in court.