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2 comment(s). Last comment by LossAversion at Jan 2, 2021 3:40 PM
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EngineeringProfit
14526 posts

Posted by EngineeringProfit > Jan 2, 2021 3:03 PM | Report Abuse

Nobita = gst somg plus sst


LossAversion
1198 posts

Posted by LossAversion > Jan 2, 2021 3:40 PM | Report Abuse

I truly support GST. All the hard work and years to implement GST went to waste when it was done away. All policymakers, economic researchers, and taxpayers have totally forgotten the reason why Malaysia needs that consumption-based tax, and the basis why 6% was finally decided versus 4% or 5% GST. At that time, a new 4% GST will not serve the country any better, 5% was status-quo to our fiscal deficit, hence 6% was decided. Even before GST was gazetted, there was the Anti-Profiteering law to safeguard consumers from unscrupulous price hikes by sellers/businesses, but I reckon those officials were zzzzzzz, hence resulting in a tremendous rise in prices as well as consumer emotions. We all know that SST can only do that much good, thus GST is needed. I do hope everyone tries to understand why GST is urgently needed, and policymakers must now do a much better job in implementation, monitoring, and upholding laws for any unscrupulous act of price hike or tax evasion.

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