gst reform
TRANSCRIPT
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GST REFORMPresented by :
Lim Huei Sien ( 18 )
Tan Swea Cee ( !! )
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G""ds and Ser#i$es Ta%
( GST ) :& 'ew Ta% Re"rm in
Maaysia
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Sin$e 1st &*ri +,1-. GST as re*a$ed teMaaysia/s Saes Ta% (1,0) and Ser#i$e Ta%(0) (SST)2
3ntr"du$ti"n " GST
Saes and Ser#i$eTa%
( SST )1,0 4 0
G""ds andSer#i$es Ta%
( GST )0
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5ea6ness " Saes Ta%
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&s " n"w. te GST rate is si% *er $ent. andtere are $urrenty m"re tan 7.,,, items tat
are eiter bein e%em*ted "r 9er"rated2 Tisma6es Maaysia/s GST m"de. $"m*ared wit"ter $"untries. uni;ue2 E#en Prime Minister
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Te year " im*ementati"n andrate " GST A B&T
in #ari"us $"untries
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C&TEGOR3E
SOF
GST
StandardratedGST
er"rated GST E%em*t su**ies
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a) Standardrated GST
G""ds and ser#i$es in tis $ate"ry in$ude"use"d items. utensis. $"tin anda$$ess"ries wi$ wi be $ared a ta% rate "
0 in e#ery stae " te su**y $ain2F"r te $"nsumers. tey $an identiy testandard rated su**ies by ""6in at tere$ei*t wen ma6in te *ur$ase2 '"rmay.
standard rated su**ies GST abeed wit an?S@2
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H"w GST is $ared at ea$ e#e " su**y $ainstandard rated su**y :
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b) er"rated GST
G""ds and ser#i$es in tis $ate"ry are basi$""d items. un*r"$essed ""d items and m"st
edu$ati"n materias wi$ wi be $ared at,02 3t means tat GST is n"t $ared t" teDna $"nsumer but businesses $an $aim ba$6"n teir in*ut ta%2
F"r te $"nsumers. tey $an identiy te 9er"rated su**ies by ""6in at te re$ei*t wenma6in te *ur$ase2 '"rmay. 9er" ratedsu**ies GST abeed wit a ?@2
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H"w GST w"r6s "n a 9er" rated su**y :
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$) E%em*t Su**ies
E%em*t su**ies are su**ies " ""ds "rser#i$es wi$ are n"t sub=e$t t" GST2 Te GST
*aid "n in*ut by te businesses $ann"t be$aimed ba$6 as ta% $redit2 E%am*es :
Trans*"rt ser#i$es. iway. *ri#ate eat 4edu$ati"n2
F"r te $"nsumers. tey $an identiy te 9er"rated su**ies by ""6in at te re$ei*t wenma6in te *ur$ase2 '"rmay. e%em*t ratedsu**ies GST abeed wit a ?@2
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H"w GST w"r6s "n an e%em*t su**y :
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3MP&CTOFGST
Tere wi be s"me burdens "n *e"*e es*e$iay r"m "wer in$"mer"u* t" *ay tat ta% "r ""ds and ser#i$es2 Tis is be$ause GST wi
be im*"sed based "n $"nsum*ti"n rater tan earnin "r saary2
Te r"u* as"wi suerbe$ause "
inati"n tate%ist ater te
im*ementati"n" GST wit"utin$reasin teir
saary2
y GST. te"#ernment $an
in$rease tere#enue " te
$"untry and $anuse te re#enue"r s"me *r"=e$ts
tat may i#e
beneDts t" te*e"*e2