RM32B IN GST COL­LECTED AS OF OCT 31

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

KUALA LUMPUR: RM32.71 bil­lion in Goods and Ser­vices Tax (GST) was recorded as of Oct 31 this year, while RM27.012 bil­lion was recorded from April 1 un­til Oct 31, 2015. The Fi­nance Min­istry said all tax rev­enue was placed un­der a con­sol­i­dated fund with di­rect and in­di­rect taxes col­lected by the fed­eral gov­ern­ment. “GST col­lec­tion will then be re­funded as al­lo­ca­tion for na­tional de­vel­op­ment and pub­lic pros­per­ity, in­clud­ing im­prov­ing ed­u­ca­tion, health and na­tional eco­nomic de­vel­op­ment,” it said. – Ber­nama

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