WHY GOVERNMENT THINK GST IS NECESSARY IN MALAYSIA
1) The Malaysian Government in turn, must release the GST laws/regulations as soon as possible to enable businesses to manage their transition to GST and ensure appropriate channels are in place to resolve the uncertainties which will invariably arise with the introduction of a new tax. (Renuka Bhupalan, MALAYSIAwww.taxand.com.my)
2) The GST implementation is part of the government’s tax reform programme to enhance the capability, effectiveness and transparency of tax administration and management (http://www.nbc.com.my/gst/faqs-malaysia-goods-and-services-tax-gst/ Under the current tax system, the Government depends too much on direct taxes, both from individual and corporate taxpayers. With the surpri...