Economists welcome the reintroduction of Goods and Services Tax (GST), anticipating its substantial impact on businesses, yet underscored the plan would only work with good governance.”It has been proven in the past that the collection from GST has been forthcoming. The GST can be a catalyst to unearth the shadow economy as businesses along the value chain will be incentivised to become tax collecting agents as they can claim the input tax credit.”
Source: nst.com.my
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