KUALA LUMPUR: Some RM18bil or 93% of the RM19.4bil input tax credit under the Goods and Services Tax (GST) system since 2015 had been misappropriated by the previous administration, claimed Finance Minister Lim Guan Eng.
“I was very shocked when informed that this happened because the previous government had failed to enter the GST collection in the trust account specifically meant for repaying GST claims.
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