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MEF Academy Events
 19Managing Misconduct, Absenteeism and Performance at the Workplace19 - 20 September 2018
 19Certified Professional Trainer19 - 21 September 2018
 24Human Resource Application - Using Microsoft Excel24 - 25 September 2018
 24Understanding Labour Laws24 - 25 September 2018
 01Impact of Interpersonal & Communication Skills at Work1 - 2 October 2018
 09Behavioral Events Interviewing Skills (BEI)9 - 10 October 2018
 

General News

Zero rated GST and introduction of SSTFriday, 18 May 2018
  
 

The Government has announced the reduction of the GST rate from 6% to zero % on all goods and services supplied on or after 1st June 2018.

However this does not mean GST is  abolished from 1st June 2018. Businesses will still required  to comply with the requirements of GST Act 2014, especially on the duty to submit GST returns until further notice by the authorities .
 
The Government  has announced that GST will be replaced by Sales and Services Tax (“SST”) and the SST will  come into  effect  2 to 3 months after June 2018.
 
However at this stage it is not clear whether the SST would be in the form before the introduction of GST on 1st April 2015. Previously the sales tax was generally 5% or 10% of factory price or import value, and service tax was 6%. On the issue of registration thresholds, previously service tax had  various  registration thresholds  ranging from RM3 million for restaurants to zero for professional services.
 
 
Tags/Keywords
GST,  SST
 
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