PUTRAJAYA: The Sales and Services Tax (SST) will not be implemented on June 1 despite the government’s decision to set the Goods and Services Tax (GST) at zero percent the same day.
In saying this, Customs Department director-general Datuk Seri Subromaniam Tholasy said the date of SST’s implementation will be announced later.
Subromaniam also said businesses are required to reduce the prices of their goods and services in accordance with the zero-rating of GST.
“This will be in effect nationwide until further notice. All businesses registered for GST must adhere to the zero-rating of GST,” he said in a statement today.
“Businessmen are urged not to exploit the government’s wish to reduce prices and benefit consumers.”
Subromaniam reiterated that beginning June 1, all local and imported goods and services will be zero-rated.
He said failing which, the government will take stern action under the Price Control and Anti-Profiteering Act 2011.
He said businesses are encouraged to find out more about the zero-rating of GST by visiting www.customs.gov.my or www.gst.customs.gov.my.