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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