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Lim returns volley, tells Najib poor 'unfairly impacted' by GST

  • Aug 12, 2018
Finance Minister Lim Guan Eng has "reminded" former prime minister Najib Abdul Razak that it was the poor that stands to gain from the removal of the goods and services tax (GST) enacted during the latter's rule, as they had been "unfairly impacted" by the tax. In a statement today, Lim was responding to a posting by the ousted leader which stated the rich would benefit the most from the new government's abolition of the GST and they could once more evade taxes. "Najib added that money lo
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Najib must come clean on his role in the missing GST billions

  • Aug 11, 2018
COMMENT | Former prime minister Najib Abdul Razak has claimed in a blog post that the Pakatan Harapan government could have spent the RM18 billion in goods and services tax (GST) refunds that I am now accusing the previous administration of robbing. This is a shocking accusation by Najib bereft of reason and truth.The Harapan government is now accused of a wrongdoing and of the delay in making the GST refunds which had been committed to by the previous government.I had exposed in Parliament last
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Customs Dept: Only RM63.5b of RM82.9b in GST refunds paid

  • Aug 11, 2018
The Customs Department said there are difficulties in paying back RM19.4 billion in refunds for the goods and services tax. Customs director-general T Subromaniam said from April 2015 until end of May 2018, the total amount of refunds was RM82.9 billion. However, he said, of that amount, only RM63.5 billion was paid out during that same period. "The Customs Department had requested RM82.9 billion from the (government's) monthly trust fund for the purpose of GST refunds from April 1, 201
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Mustapa urges immediate probe into GST refund theft allegations

  • Aug 9, 2018
Former International Trade and Industry Minister and Jeli member of Parliament Mustapa Mohamad (above) urged the government to immediately investigate Finance Minister Lim Guan Eng’s allegations that the previous Barisan Nasional-led government had stolen RM19.4 billion of goods and services tax refunds. He said Lim’s claims were serious as it not only impugned the image of BN but also civil servants in the Finance Ministry and the Royal Malaysian Customs Department. “These allegatio
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Audit reveals RM18b in GST refunds 'misused' – Guan Eng

  • Aug 9, 2018
PARLIAMENT | Finance Minister Lim Guan Eng has revealed a whopping RM18 billion shortfall in GST refunds, which he claimed was misused by the previous administration.The revelation follows his accusation that the previous administration had “robbed” the refunds.When tabling the Goods and Services Tax (Repeal) Bill 2018 this evening, Lim said the total GST refund amounted to RM19.4 billion from the date of its implementation until May 31, 2018."However, there is only RM1.486 billion (left) in
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Effects of GST not fully felt yet, says minister

  • Jul 12, 2018
The small drop in the prices of goods is the reason why the people have not been able to fully feel or realise the effects of the GST which was zero-rated since June 1. Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said the prices of goods appeared to remain the same, as over 70 percent of 417 goods saw a price drop of between 0.04 and 13 per cent. He added the survey was done over a 35-day period from June 1 and the 417 goods included baby items, grocery and non-g
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72pct necessities see prices drop after zero GST - gov’t

  • Jul 5, 2018
The zero-rating of the GST has seen the average price of 72 percent of necessities drop between one percent and about 13 percent.This was revealed in a survey by the National Price Council under the Ministry of Domestic Trade and Consumer Affairs, as reported by the Malay Mail today.The survey, which was provided by the Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail, also showed that the prices for 97 percent of goods which were previously taxed under the GST had fallen s
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With zero-rated GST, time to promote M'sian exports

  • Jun 2, 2018
LETTER | June 1, 2018 was a great day. All of us are celebrating the zero-rated Goods and Services Tax (GST) and several other major decisions made by the government to rehabilitate the economy.As our government is doing an excellent job of executing measures to save our nation, I, Moehamad Izat Emir, the president of Persatuan Pedagang Asean (Perda-Asean), would like to call upon all our members, associates and the business community to make an all-out effort to promote Malaysia’s products. W
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Enforcers record thousands of price tags to ensure post-GST drop

  • May 28, 2018
Enforcers from the Domestic Trade and Cooperatives and Consumerism Ministry are recording the prices of goods at hundreds of businesses ahead of the GST being zero-rated effective June 1.The move is aimed at ensuring that businesses reduce prices during the tax holiday until the reintroduction of that sales and services tax (SST).Selangor KPDNKK chief enforcement officer Azman Adam said a total of 213 officers have been recording prices since May 25, and will continue to do so until May 31, repo
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No price hikes after GST zero-rated - Azmin

  • May 27, 2018
Economic Affairs Minister Azmin Ali has assured that there will be no price hikes after the government zero-rates the goods and services tax (GST) on June 1."When GST is abolished, it means they (traders) are no longer allowed to raise prices, and I believe the relevant ministry will monitor the situation."The ministry involved will cooperate with the Customs Department, and they will step up enforcement so that there are no irresponsible parties taking advantage (of the situation) as Pakatan Ha
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