Malaysians hope new GST will be lower than 6%

PETALING JAYA: While businesses laud the plan to reintroduce the goods and services tax (GST) to support a stronger economic revival, Malaysians are hoping for a lower rate than the previous 6%.

SME (small and medium enterprises) Association of Malaysia president Ding Hong Sing said GST is a fairer tax collection mechanism than sales and service tax (SST).