GST will achieve financial stability


I DON’T see much point for the protest rally on the Goods and Services Tax (GST) on May 1 at Dataran Merdeka to proceed as the public has begun to understand the need for the broad-based consumption tax to replace the existing consumption taxes, sales tax and ­service tax.

Even the most vocal critics have admitted the superior efficiency of the GST in taxing consumption. Its efficiency has been recognised in all the countries which have introduced the Value Added Tax (VAT), which is similar to the GST.

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