Customs DG tells businesses to reduce prices with zero-rating of GST - News Summed Up

Customs DG tells businesses to reduce prices with zero-rating of GST


PUTRAJAYA: The Sales and Services Tax (SST) will not be implemented on June 1 despite the government’s decision to set the Goods and Services Tax (GST) at zero percent the same day. In saying this, Customs Department director-general Datuk Seri Subromaniam Tholasy said the date of SST’s implementation will be announced later. Subromaniam also said businesses are required to reduce the prices of their goods and services in accordance with the zero-rating of GST. All businesses registered for GST must adhere to the zero-rating of GST,” he said in a statement today. “Businessmen are urged not to exploit the government’s wish to reduce prices and benefit consumers.”(File pix) Customs Department director-general Datuk Seri Subromaniam Tholasy said businesses are required to reduce the prices of their goods and services in accordance with the zero-rating of GST.


Source: New Strait Times May 27, 2018 09:11 UTC



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