Sales Tax Bill 2018 passed to replace the GST

Nor Ain Mohamed Radhi

KUALA LUMPUR: The Sales Tax Bill 2018 was passed in Dewan Negara today to replace the Goods and Services Tax (GST) without any amendment. Dewan Negara president Tan Sri S. A. Vigneswaran announced this after a majority voice vote. The Bill was tabled for third reading by Finance Minister Lim Guan Eng and was seconded by Deputy Defence Minister Liew Chin Tong. Lim during the winding-up of the debate said that the SST, replacing GST, was to ensure the wellbeing of the people. “Although it is undeniable that GST is more efficient and transparent, it collects more tax. “The B40 are those who suffer because of GST. Previously, they did not have to pay tax, but because of GST they have to pay tax. “We received many complaints, not only from the Peninsula, but also from Sabah and Sarawak. “I did not say that SST will lower prices of goods. Prices of goods may increase but the effect might be lighter than GST.” Lim said he did not dare to make prediction, like the previous deputy finance minister, who said that with GST the prices of goods will reduce. “It is just a theory and did not happened,” he said. © New Straits Times Press (M) Bhd