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Tuesday, March 31, 2015

CAN THE PUBLIC CLAIM BACK 4% OF SST PAID FROM THE CUSTOMS DEPT. FOR ITEMS PURCHASED ON 1 APRIL 2015 and a few days on?????????



When Malaysians purchase any GST taxable items on 1 April 2015 or a few days on, CAN THE PURCHASER go to the Customs Department to CLAIM FOR THE 10% SALES & SERVICE TAX (SST) paid by the Manufacturer. The Purchaser would have paid the mandatory 6% GST on purchase as of 1 April 2015.

Any item on sale on 1 April 2015 will have the 10% SST and since the only tax payable after 1 April 2015 is Goods and Service Tax (GST) which is only 6%, the PURCHASER IS ENTITLE TO RECEIVE 4% SST paid to the Customs Department by the Manufacturer.

The logic is, goods need to be manufactured before 1 April 2015 so that it could be sold on 1 April 2015 or a few days on and Manufacturers must have paid 10% SST.

In this manner what the government seem to be quoting could be a reality. PRICES OF GOODS MUST BE CHEAPER. (GST is only 6% while SST was 10%)

BUT do you think you can do this...go to Customs to claim for the 10% SST paid?

Note: What we read is that prices of goods will cost more....see illustration above...HOW COME???

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