My Sinchew/ GST

No reduction in GST rate

Abdul Wahid Omar hints that the government will not lower the 6% GST rate in 2016 Budget.


92% GST refunds disbursed

The Royal Malaysian Customs Department has disbursed 92 per cent of the goods and services tax (GST) refunds to the registered traders for the period April to June, 2015 within 14 days as stipulated.


No decision yet on deferment of July deadline: Customs

Customs Department.deputy director-general Datuk Subromaniam Tholasy pointed out that his department was considering the request to postpone the July 31 deadline for the submission of GST returns but so far he said no decision had been made yet.


Customs promises refund by end-July: Kong

he Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) tax division chief Kong Ling Long said the Customs Department had promised to resolve by the end of this month the issue of input tax refunds of some 70,000 businesses with annual turnovers in excess of RM5 million.


Tax refunds in weeks: Subromaniam

The Customs Department GST Director Datuk Subromaniam Tholasy today urged local traders to submit their first tax statements as soon as possible, adding that their input tax would be refunded within a few weeks if there was no problem with their applications.


10% service charge not going to govt: deputy minister

The 10 per cent service charge imposed by hotels and restaurants is not collected by the government as sales tax.


Expedite input tax refund, govt urged

Although some 70,000 traders should have applied to claim back the sales and services tax (SST), so far only 111 traders have filed their applications.


RM6bn collection includes import GST: Chua

The RM6 billion collection announced recently includes import Goods and Services Tax (GST) and thus cannot be seen as the government's revenue, according to the Ministry of Finance.


Ministry can gauge GST collection by August: Chua

The Finance Ministry will be able to gauge the total Goods and Services Tax (GST) collection by August this year, provided businesses file their statements on time, said Deputy Minister Datuk Chua Tee Yong.


Distraction

The squabble between Mahathir and Najib, and between DAP and PAS, has moved the entire nation's focus to politics without realizing that the country's economy is indeed heading south.


 

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