Goods and Services Tax (GST) is a consumption tax based on the value-added concept to be implemented on 1 April 2015 with a standard rate of 6%. It will replace the existing sales and service tax. However, supplies of some goods and services will be zero-rated or exempt, where GST will not be charged to ease the burden of the rakyat from the lower income group.
For developers who wants to know more about GST, please click here for GST Guide on Property Developer
Please click here for GST Guide on Accounting Software.