Hottest Online News Portal

GST Collection RM32.71 Billion Till Oct 2016

in Latest

KUALA LUMPUR – Goods and services tax (GST) collection of RM32.71 billion was recorded up to October 31 this year while M27,012 billion was recorded from April 1, 2015 until Oct 31, 2015.

According to the Finance Ministry, all tax revenue was placed under the Consolidated Fund with direct taxes and indirect taxes collected by the federal government.

“The GST collection will then be refunded as allocation for the purpose of national development and public prosperity, including improving sectors on education, health, infrastructure facilities besides development needs and national economic development,” it said in a written reply distributed at the Dewan Rakyat today.

Datuk Dr Mujahid Yusof Rawa (Amanah-Parit Buntar) wanted to know the amount of GST collection since it was implemented and the amount of proceeds used to ease the people’s burden.

GST was enforced on April 1 last year. – BERNAMA

Tags:

Latest from Latest

Go to Top