KOTA KINABALU: A warning notice has been issued by the Royal Malaysian Customs Department (JKDM) to companies which have yet to register for the Goods and Services Tax (GST) to urge them to do so before Feb 28 or risk a compound of RM15,000.
There are 60,000 companies estimated by JKDM to be not registered for GST of which will be implemented by April 1 this year.
Royal Malaysian Customs Department GST Director, Datuk Subromaniam Tholasy, said the notice was issued two days ago and the probe for companies that are yet to register for GST are based on the department’s record database.
“There are less than 50 days before the implementation of GST. We know who they (companies) are, their address and the owners. We are taking appropriate approach (on these companies)… Please register before this Feb 28,” he told reporters after attending the GST Briefing for Sabah Media Practitioners Programme, here today.
Also present at the programme is the Secretary of Corporate Strategy and Communication Division under the Finance Ministry, Datuk S.Kumaran, and the Deputy Director of Anti-Profiteering Unit under the Ministry of Domestic Trade, Co-Operative, and Consumerism, Low Swee Hon.
According to Subromaniam, Ops GST will be launched extensively across the country on 1 March in every business premises, enforcing registration to traders who have not registered in the stipulated time, as the Director General of Customs of every state have the power to enforce registration and any business owners who failed to pay the compound will be charged in court.
“But this is not our intention; we do not want to bring them to court but please do not force us. Come and register because they have to prepare on how to pay the taxes, and make some changes on their system,” he said.
There are 314,000 companies registered for GST in the country. – SayangSabah