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Cops record Guan Eng's statement over GST refunds

  • Aug 21, 2018
Police have recorded Finance Minister Lim Guan Eng's statement in relation to his claims that GST refunds had gone "missing".In a statement today, Lim confirmed that police took his statement under Section 409 of the Penal Code.Section 409 states: "Whoever, being in any manner entrusted with property, or with any dominion over property, in his capacity of a public servant or an agent, commits criminal breach of trust in respect of that property, shall be punished with imprisonment for a term whi
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Guan Eng blames monopolies for 'stubborn' prices after GST zero-rating

  • Aug 20, 2018
PARLIAMENT | Putrajaya has blamed the monopolies of controlled items – like sugar – as among the reasons for the price of goods not coming down since the zero-rating of GST on June 1.In a question-and-answer session at Dewan Negara this morning, Finance Minister Lim Guan Eng said the government is conducting a research on the matter and a new sugar price would be announced to curb inflation."Although the six percent (GST tax) has been taken out, the price is still stubborn and declines to co
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In break from tradition, Senate to debate GST, SST before Agong's speech

  • Aug 19, 2018
In a rare break from convention, the Dewan Negara will be debating government bills and business during its first sitting of its upcoming session, with those related to GST and SST near the top of the list.This is in contrast to the usual practice for both Dewan Rakyat and Dewan Negara to give thanks for and to debate the Yang di-Pertuan Agong’s speech for the first few days of their respective sessions.According to the calendar on the Parliament’s website, the Senate will be debating govern
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GST refunds: Lim says police to record his statement over missing billions

  • Aug 18, 2018
Finance Minister Lim Guan Eng (above) has stated that police will be recording his statement next week over his claim that RM19.25 billion in GST refunds are missing.In a statement, Lim said former premier Najib Abdul Razak has "no more excuses" but to explain the missing amount, which the former alleged 121,429 companies and individuals.Lim, who is DAP secretary-general, however, did not specify when and where he would be required to give his statement.The Bagan MP said Najib must answer three
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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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