View issues with Tan Seng Giaw

Thursday, April 03, 2014

GST has serious implications

Today, the House begins debating Goods and Services Bill (GST). Once it becomes law, it has long-term implications. It enables the Government to collect taxes from the value of goods or services in a transaction (sale or purchase).
     In 1954, France was the first country to introduce GST. Now, almost half of the national revenue of the country comes from GST.


Post a Comment

<< Home