The Goods and Services Tax (GST) was implemented in Malaysia from 1 April 2015. This article explains how GST impacts the retail sector. The retailing industry is significant as nearly 60 of persons engaged in the distributive trade in Malaysia are from this sector. The GST treatment to address the complex nature of the retail industry is presented in a detailed manner in the Royal Malaysian Customs Department Guide on Retailing that was issued on 30 December 2013. In some situations, the retail prices are pre-set by a manufacturer on sales of its products and such an item includes cigarettes sold over the counter.
|Pages (from-to)||68 - 78|
|Number of pages||11|
|Journal||Australian GST Journal|
|Publication status||Published - 2015|