Cabinet orders study on proposed hybrid GST-SST system
PUTRAJAYA: The cabinet has directed the Finance Ministry to conduct a comprehensive study into a proposed hybrid Goods and Services Tax (GST)-Sales and Services Tax (SST) system.
PUTRAJAYA: The cabinet has instructed the Finance Ministry to undertake an extensive investigation into a proposed hybrid Goods and Services Tax (GST)-Sales and Services Tax (SST) system, according to government spokesman Datuk Seri Fahmi Fadzil. Finance Minister II, Datuk Seri Amir Hamzah Azizan, has been allotted sufficient time to compile a report before revisiting the matter with the cabinet for further deliberation.
This initiative is still in its preliminary stages, as hastiness is not advised in this matter. The Finance Ministry will draw insights from the GST implementation and challenges encountered within the present SST system, which will be evaluated by the Finance Ministry before the issue is reconsidered and a decision is made by the cabinet, Fahmi stated during his weekly post-cabinet media briefing.
Fahmi did not disclose a specific timeline for the study, including whether it would be completed prior to the upcoming Budget.
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