Pakatan makes good on GST pledge - Nation - News Summed Up

Pakatan makes good on GST pledge - Nation


KUALA LUMPUR: The Pakatan Harapan government has delivered one of its key election promises by effectively abolishing the Goods and Services Tax (GST). In a statement issued yesterday, the Finance Ministry said goods and services subject to GST will be zero-rated from June 1. Goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014 remain exempted from GST, it added. Prime Minister Tun Dr Mahathir Mohamad, who is also Pakatan chairman, said the Federal Government will need to bring back sales tax to replace GST. “It is transitional as it will need the law to pave the way for the introduction of sales and services tax (SST),” he added.


Source: The Star May 16, 2018 19:52 UTC


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