KENINGAU: There are 28.56 percent increase in revenue recorded since the first two month of the Goods and Service tax (GST) implementation in the state.
Vice Director of Sabah Customs GST Division, Madrim Tasan, said the implementation of the tax system is a good move in increasing the country’s revenues to fund socioeconomic development, and currently there are 20,812 business owners in the state registered for GST.
In this matter, he calls for all traders to update their business ledgers for April to June period this year for July submission.
“We do not want traders to submit their business records in the last minute. It is unfeasible and they will also be fined for late submission. We want them to avoid that,” he said during the GST With Consumers programme at Upper Interior Malaysian Royal Customs Department Building.
The advise, he said, is to prevent business owners from receiving penalty of compound under the existing ordinance, besides from to avoid crowding at the registration counter. – SayangSabah