Domestic Trade, Consumerism and Cooperatives Ministry enforcement director-general Datuk Roslan Mahyuddin painted this scenario with the 6% GST being “zerorised” from yesterday. (The zerorised rate means that no GST is charged for goods and servi­ces that previously was charged the 6% rate.) “I believe now that prices are down, people will feel encouraged to spend,” he said after inspecting the prices of goods at AEON Big here. With the sales and services tax to be imposed only from Sept 1, consumers will enjoy a “tax holiday” until then. “If the price tag has not been changed, traders must see to it that GST is deducted at the cash register.

Source: The Star June 01, 2018 23:26 UTC