BUSINESS › NEWS
More Than 100,000 Businesses To Register For GST By Year-end
Director-General Datuk Seri Khazali Ahmad said compulsory registration by the department would begin in September.
Since June, more than 4,000 businesses had voluntarily registered, with 3,900 granted approval for the new tax regime.
"We are undertaking the registration through our system, MyGST, which will operate the GST Malaysia," he told reporters at the close of the National GST Conference 2014 here today.
Khazali said the GST will put Malaysia on an equal footing with other countries in terms of export competitiveness.
"The export cost will be cheaper. Under the GST, exporters can claim back the input tax. At the export level, there is no GST.
"That is why our exports will become more competitive at the international level," he added.
Khazali noted that the Customs Department was now actively pursuing the "Hand-Holding Programme", which caters for specific industries to create awareness of the GST.
He said registered businesses would be taken through six modules of the programme to prepare them for the GST implementation.
news coverage in our Newswire service.
Previous Top Stories
Other News Headlines
- Pakatan Supreme Council Accepts Proposal To Nominate Wan Azizah As MB Of Selangor- politic
- 4 Firms In Iskandar Malaysia Get Facilitation Fund Totalling RM16.2 Million- business
- Roving Tickets Introduced For 2014 Malaysian Motorcycle Grand Prix- sports
- Tips For A Crime-Free Balik Kampung Trip- features
- Brunei's Sultan Congratulates Indonesian President-Elect- world
Most Read News
Pertubuhan Berita Nasional Malaysia,
Wisma BERNAMA,No 28, Jalan 1/65A,
Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
Tel : 603-2693 9933 ( General Line )
E-mel : firstname.lastname@example.org
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution