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KUALA LUMPUR: A total of 6,400 goods will be charged for sales and service tax (SST), compared to 11,197 for the goods and services tax (GST), said General Director of Customs Datuk Seri Subromaniam Tholasy ([19659002] pic )
"This is based on the tariff numbers we had proposed," he told reporters after a seminar Tuesday.
"If we look at the basket of the consumer price index, According to the GST, 60% of goods are taxed against 38% under the SST," he added.
Subromaniam said that Customs will begin migrating data from the MyGST system to MySST starting Wednesday, August 1st. He added that Customs expected 70,000 to 80,000 companies to be registered under the SST, compared to 470,000 under the GST.
"These companies, mainly manufacturers and service providers, will be notified by e-mail, starting this week," he said.
Subromania He said that the list of exemptions for OSH would be finalized next week.
He stated that Customs had started organizing sessions and briefings with traders and business owners. I hope the rest will be completed in a month, "he said, adding that the Department has enough manpower.
Tuesday (July 31), the government has made the first decision to repeal the goods and services tax GST) with the tabling of five bills at first reading in Parliament
Bills not only aim to abolish the GST but also to reintroduce the 2018 Sales Tax Act and the Services Act, 2018. Amiruddin Hamzah introduced the 2018 GST Bill, the 2018 Sales Tax Bill, the 2018 Bill. on Service Taxes and Bill 2018.
The proposed sales tax bill is designed to collect, collect and collect sales tax.
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