One month to change price tag to zero GST – KPDNKK


KPDNKK (File Photo)

 

PUTRAJAYA:,The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) has given a one month grace period starting yesterday for traders to display price tags with zero Goods and Services Tax (GST) for all goods and services.

KPDNKK enforcement director Datuk Roslan Mahayudin said at the same time KPDNKK would be conducting operations called Op Catut 4.0 nationwide until June 30 to inspect the level of compliance by traders on zero GST.

“The objective of KPDNKK is to combat abuse during the change of GST rate and in other situations.”

“The ministry’s target is to inspect at 7,542 premises throughout the country before June 1 and compare the prices after GST was rated zero. When GST is zero-rated, the prices of goods should be lower,” he told reporters after observing the implementation of zero GST at AEON Big in Alamanda shopping centre here yesterday.

To ensure traders comply with the implementation of zero GST, consumers are advised to examine the purchase receipt to ensure GST is rated zero, he said.

Roslan said there would however be no change to price of goods such as rice, cooking oil and RON 95 petrol which had already been GST zero-rated before June 1.

He said after the transition period on June 30, traders who have yet to change their price tag would face action under the Price Control and Anti-Profiteering Act 2011 and Price Control and Anti-Profiteering (Mechanism to determine unreasonably high profit for goods) Regulations 2016. – Bernama

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