March 29, 2017
SQL Accounting Latest GST Version (V742) Date: 25 March 2017
Last updated: 25/03/2017
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742
March 9, 2017
Customs Dept issues 37,556 GST-related compounds KUALA LUMPUR: The Royal Malaysian Customs Department has issued 37,556 compounds for various offences related to the goods and services tax (GST) from April 1, 2015, to Feb 17, 2017, said the Finance Ministry. The ministry said the compounds were issued for failure to display prices inclusive of GST, failure to submit the returns statement and payment, tax invoices and registration-related offences.The ministry said this at Dewan Rakyat on Wednesday in a written reply to Er Teck Hwa (DAP-Bakri).Er wanted the ministry to state the total number of companies and organisations that implemented the GST and received the compounds.The ministry said Johor recorded the highest number of compounds with 8,104, followed by Kuala Lumpur (5,036) and Selangor (4,707).Meanwhile, the ministry said up to Feb 21 this year, 435,809 entities had registered under the GST. - Bernama
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