International Journal of Commerce and Management Research

International Journal of Commerce and Management Research






ISSN: 2455-1627


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 6, Issue 4 (2020)

Failure of goods and services tax in Malaysia


Damodar Nepram

Malaysia introduced goods and services tax in the year 2015 replacing sales and services tax (SST). The tax proved to be a money machine and yielded the much needed income when the government revenue suffered due to a fall in petroleum prices. But it was alleged to be causing price rise and the new government which came to power soon abandoned it. VAT or GST being a very a scientific tax and more superior to SST could be reintroduced in the future after making modifications in its design. Introduction of equity in the tax rate, raising of threshold limit, spreading public awareness on the benefits of it, etc. are some steps the government can take up in the endeavor.
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