GST collection amounting to RM32.71 billion as at Oct 2016 – Finance Ministry

Nov 21, 2016
In a written statement, the finance ministry stated that the GST collection will then be refunded as allocation for the purpose of national development and public prosperity, including improving sectors on education, health, infrastructure facilities besides development needs and national economic development.
In a written statement, the finance ministry stated that the GST collection will then be refunded as allocation for the purpose of national development and public prosperity, including improving sectors on education, health, infrastructure facilities besides development needs and national economic development.

Goods and services tax (GST) collection of RM32.71 billion was recorded up to October 31 this year while M27,012 billion was recorded from April 1, 2015 until Oct 31, 2015.

According to the finance ministry, all tax revenue was placed under the Consolidated Fund with direct taxes and indirect taxes collected by the federal government.

“The GST collection will then be refunded as allocation for the purpose of national development and public prosperity, including improving sectors on education, health, infrastructure facilities besides development needs and national economic development,” Bernama reported as the ministry saying in a written reply distributed at the Dewan Rakyat today.

Mujahid Yusof Rawa (Amanah-Parit Buntar) wanted to know the amount of GST collection since it was implemented and the amount of proceeds used to ease the people’s burden.

GST was enforced on April 1 last year.

 

SHARE