SST: Traders warned not to raise prices of goods

Bernama

PUTRAJAYA: Traders are warned not to take advantage of the Sales and Service Tax (SST) which comes into effect on Sept 1 by raising the prices of goods.

Domestic Trade and Consumer Affairs Ministry Enforcement Division division director Datuk Mohd Roslan Mahayuddin said it would be unfair for traders to charge higher prices on Sept 1`as SST was only imposed at the manufacturer level.

“For goods from the factory to reach the shops, it will take time and, at the same time, traders will still use the existing stock during the tax holiday given by the government prior to this.

“Hence it is not necessary for trader to raise prices for the first several days of the SST implementation,” he told the media after a briefing on SST by Finance Minister Lim Guan Eng here today.

He said the ministry would continue to conduct checks as well as monitor traders and stern action would be taken against any offenders. - Bernama © New Straits Times Press (M) Bhd