SANDAKAN, Feb 27 — A total of 325,279 companies have registered for the Goods and Services Tax (GST) as the deadline ends tomorrow, Deputy Finance Minister Datuk Ahmad Maslan said. The Finance Ministry is satisfied with the number although about 40,000 companies have yet to do so as it has achieved the target of getting 240,000 companies to register for the tax regime

Feb 27 — A total of 325,279 companies have registered for the Goods and Services Tax (GST) as the deadline ends tomorrow, Deputy Finance Minister Datuk Ahmad Maslan said.
The Finance Ministry is satisfied with the number although about 40,000 companies have yet to do so as it has achieved the target of getting 240,000 companies to register for the tax regime, he said.
“We want the remaining companies to sign up tomorrow to avoid being slapped with a RM15,000 compound,” he told reporters after attending a briefing on the GST, Budget 2015 and current issues here today.
Businesses have been reminded to register for the GST since June 1 last year and the deadline had been extended from December 31 to tomorrow, he said, adding that the deadline would not be extended further as the government had given businesses ample time to do so.
Ahmad said the government, with the aid of consumers associations, would monitor the prices upon the implementation of the GST on April 1. — Bernama
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same message of fear of GST in 2015

what a mistake in this news of GST?

Gaming firms in Sabah to absorb the 6pc GST

Published on: Tuesday, February 10, 2015

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KOTA KINABALU: Gaming companies in Sabah will absorb the six per cent Goods and Service Tax (GST) after its implementation in April 1, said Datuk Dr TC Goh.
"We have been directed by the Ministry of Finance who is our licensed authority and with the consent of the Customs Department to bear the six per cent GST.
"Therefore, the 6 per cent tax will be part of our expenses…we will absorb it or the other way around is to convert into the total revenue making it 2.4 per cent," he said on Monday.
However, Goh who is the President of Everise Ventures Sdn Bhd (EVSB), the managing company of Sandakan Turf Club (STC), explained that under the special scheme set by the government, they will deduct the pool betting duty, gaming tax, the prize they need to pay to the winner, pay out ratio, pay out winning prize money from their total revenue.
"If our total nett is positive, then we're required to pay six per cent tax to the government but if it is negative, then we're not required to pay," he said, adding that they are not allowed to carry forward any draws in terms of losses.
Goh also explained that punters pay 15 per cent sales tax imposed by the State Government. "So we will collect the tax from the punters and pay it to the government. Therefore, you can see that the number forecast industry is selling RM1.15 per unit whereas in peninsula, they do not have this.
"There is sales tax in Sarawak but they only pay 7.5 which means RM1.75 but we are selling it for RM1.15. Therefore, this is an uphill task for the number forecast industry in Sabah generally," he said, adding that 2015 will be a challenging year especially after the implementation of GST.
According to him, the various high taxes imposed by the Federal and State government, Customs Department as well as Inland Revenue Board will definitely affect their sales revenue.
"There will be less competition among licensed operators compared to the illegal ones. "Therefore, we urge the government and of course the authority to look into this problem and take necessary actions against those illegal operators to protect legal operators and government revenue.
"As you can see, we pay a lot of taxes and if our revenue drops then the government will receive less taxes as well," he said, stating that they are not allowed to increase their selling or change the prize payout unless they received an approval from the government.
"STC is one of the operators in Sabah and we have Sports Toto as well as Diriwan 88. Out of these three, STC is the only company which has one product, which is 4D. The rest of the operators have three or more products.
"So we are among the smallest and the only Sabah-based company," he said, stating that the increase of products is subject to the government's approval.
Goh also said that the number forecast is a sunset industry as it is preferred among adults above 50.
"Malaysia is one of the oldest countries to operate the industry but we are getting fewer punters among youngsters.
"Youngsters don't really like the 4D game. They prefer other games such as soccer, machine based and others. That's why it's a sunset industry because it will affect our annual revenue when we have lesser senior citizens.
"As a local operator, we have a lot of social obligations to perform so this is going to be quite challenging," he said

why haram?

Jahara reports Ustaz for saying GST is haram

February 2, 2015

Penang opposition leader lodges report against an Ustaz for misleading Muslims about GST in his Friday sermon.

BUTTERWORTH: Penang state legislative assembly opposition leader Jahara Hamid today lodged a police report against a religious teacher who allegedly said the Goods and Services Tax (GST) was illegal for Muslims during his lecture at the Bagan Lebai Tahir mosque here.
Jahara, who is also Teluk Air Tawar state assemblyman, said the report was lodged because his evening sermon last Friday had caused confusion on the implementation of GST.
“I received a complaint from a member of the congregation who claimed the ‘ustaz’ (religious teacher) in his lecture stated that it was ‘haram’ (illegal) to impose GST on Muslims and (GST) can only be imposed on non Muslims.
“The lecture delivered by the ustaz contradicted the explanation on Islamic laws on GST issued by the Islamic Religious Department (Jakim) on the GST implementation in Malaysia,” she said when contacted here today.
The police report was made at the Teluk Air Tawar police station.
Jahara also urged the Penang State Islamic Religious Council and Penang State Islamic Religious Department to investigate the ustaz’s sermon that was presented last Friday.
“I have also requested the Penang Islamic Religious authorities to ensure all mosques and surau in the state are not being used by irresponsible quarters to create confusion and doubts among Muslims.” he said.
- BERNAMA