KUALA LUMPUR – The number of companies registered for the Goods and Services Tax (GST) stood at 170,044 as of Nov 27, an increase of 2,618 from the previous day, the Royal Malaysian Customs Department said.
The number of companies registered for the GST, to be implemented on April 1 next year, has now surpassed the government’s target of 140,000 by year-end.
However, companies which have yet to register have until Dec 31, 2014 to do so.
Businesses with an annual sales turnover of less than RM500,000 are urged to register for the GST, in the event it exceeds RM500,000 in future. – BERNAMA