Hottest Online News Portal

No ‘U-Turn’ In GST Implementation, Says Wee

in Latest

KUALA LUMPUR – The government will not reverse the decision to implement the Goods and Services Tax (GST) from April 1, says Minister in the Prime Minister’s Department, Datuk Dr Wee Ka Siong.

“We are now at a mode of just awaiting the implementation stage. I don’t think we will see a ‘U-turn’,” he told reporters after launching a GST forum here today.

Wee was commenting on a local newspaper report yesterday that highlighted the GST may be deferred in the face of several unresolved issues concerning its implementation.

He said the relevant authorities would make clear all pending issues prior to the GST implementation date, and conceded that initially, not everyone can fully adhere to it.

“There could be a some confusion among traders in the early stage. But I believe, the authorities will be a lenient towards full adherence.

“In the case of (the traders) accidentally overlooking some issues, the authorities will use the education approach,” Wee added.

He also warned that stern action would be taken against those found guilty of profiteering.

“The penalty for traders flouting the Price Control Act is between RM1 million to RM2 million,” he said in commenting on the anti-profiteering and enforcement mechanism.

Meanwhile, the one-day GST pre-Implementation Forum titled, “Challenges and Opportunity”, saw the participation of nearly 2,000 businessmen, a number that Wee described as being hungry for an explanation.

The forum was organised by the Federation of Malaysia Clans and Guilds Youth Association (Persatuan Belia Xiang Lian, Malaysia).

It was also co-organised by the Malaysian Chinese Association (MCA) Small Medium Enterprises (SME) Bureau and MCA Economic Consultative Committee, in cooperation with the Prime Minister’s Department, Ministry of Finance Malaysia
and the Royal Malaysian Customs Department. – BERNAMA

Tags:

Latest from Latest

Go to Top