KUALA LUMPUR – The Goods and Services Tax (GST) will not affect the business of hawkers and petty traders, says chairman of the association of hawkers at the food court in the Jalan Duta government office complex, Samad Said.
“Although in general prices are expected to rise with the GST, if you look deeper, prices should go down.
“And the tax will not be imposed on daily necessities like rice and fish,” he told Bernama at the National Hawkers and Small Traders Day celebrations here today.
Samad urged hawkers and petty traders to attend GST seminars to get a better understanding of the new tax regime to be implemented in April next year.
On the briefing on the GST by Deputy Finance Minister Datuk Seri Ahmad Maslan today, Samad said hawkers and petty traders should take advantage of the RM350 million allocation under Budget 2015 to Tabung Ekonomi Usahawan Niaga (TEKIN) for small-scale entrepreneurs.
Meanwhile, rojak and cendol seller Mohd Yunus SM Abdul Hamid said the briefing convinced him that his business would not be affected by the GST implementation as demand for his wares would still remain stable. – BERNAMA