this is where i find it strange that so many say inflation up, tax up, duties up, people will still buy everything like nothing happens!

if and when this 7% or 10% gst strikes, we'll see some shops and restaurants, even eateries closing down. possibly some offices and small factories.

but people will still rush and pay higher and higher for properties?

ok, maybe it's also "can afford is can afford"!

This post has been edited by AVFAN: May 20 2013, 06:52 PM

pls do some ROI, can property beat blowjob 9% profit fr stocks, if you believe his story. otherwise he is not interested in property investment.

Property is exempted from GST. But the material is not. So, the cost of construction will increase. Property developer will pass down the cost to buyers and hence increase in property price

If the government is serious not to affect the cost of construction, then they will put construction material as zero-rated. But it didnt.

You are right on your last comment. From the looks of it, property prices will be affected by GST. But as final price is dependant on demand and supply, who knows whether the developer can pass down the cost or not ? But my bet is that price of property will increase from the effect of GST.

This post has been edited by EddyLB: May 20 2013, 07:12 PM

Current service tax for restaurant is 6%. Proposed GST is 4%. So, if GST of 4% is imposed, eating in restaurant is in fact cheaper ! I supposed they have more business and make more money instead of closing down ?

Small eateries is exempt from GST just like the service tax now so they are not affected

Factories and manufacturers are not affected as GST only affects the end users. Factories can actually claim back GST they paid to their suppliers. The only concern is whether their supplier will mark up first before charging the GST

This post has been edited by EddyLB: May 20 2013, 07:10 PM

GST guide line. Draft version.


Attached File(s)
 GST_General_Guide.pdf ( 788.56k ) Number of downloads: 71

like that, they shud have done it long time ago - cheaper food, better biz, factories no effect. so, people can keep buying higehr price home?!

i have a simple view only - any incremental gomen tax or duty anywhere will eventually show up on our all our bills, incl food, utilities, services and homes. question is yr priority - with yr income where would you spend more or less it - a new home, a new car, medical, food or education for yr kids.

I agree with you. The spending pattern will change as some goods are more expensive, and some cheaper. Until now, there are still too many uncertainties in which goods will be affected adversely, and which will be affected favourably

As far as i know, rich people will benefit more. Cars, liquor, ciggy, restaurant will be cheaper when GST replaces sales and services tax

But property will be affected. That's why if you have the intention to buy properties, it is good to buy before GST implementation.

And for commi, it sure kena GST as it is normal-rated. So commi will definitely increase in price !

Wow I hope tis part of ur statement comes true cos I onli keep commi.

Google and i am fairly sure you can find commi is normal-rated. But everything is still very fluid now. Even tax expert and custom officers are not 100% sure. Worse, at what rate is GST also we not 100% confirm yet !

But once they implement, the once in a life time chance is gone ! Act fast, buy more commi now !

If that's the case, you should seriously consider flora damansara. Its way below the brand-new high prices property nearby.

Bro tic tac, dont la self condemned in front of dn dn camp. Try to flip quietly.

Blowjob bro, anymore stock you recommending to make 9% profit? Share share, let everyone ride on your luck.

This post has been edited by worgen: May 20 2013, 09:33 PM

I agree with your point. Be ready with cash to spare and when the time comes, it is your best shot. i am looking at offload low end and streamline action to highend. so i am looking at RM 1000 to RM1400 per sqft.

As a tax accountant for MNC, I would say GST is actually a good thing for Malaysia on macroeconomic level and if implemented carefully.

Most accounting professionals including our bodies and audit firms have been lobbying for GST implementation for years. But we want social responsibility when introducing GST to allow the checks and balance. Malaysia also needs a very strong domestic trade LAWS (now is so pariah type) and consumerism levels to prevent GST being abused by businessman for their own benefits. GST is for our nation's future, not for businesses to make more money!

I also believe GST can solve a part of our trade mispricing that mainly causes our illicit financial outflow as more taxable, more reporting and more declaration will come into the picture. GST can also help to reduce the informal economy (businesses that do not report) by bringing more retailers and value chain suppliers into mainstream GDP computation - consumption. Our current system is not fair as only the end user pays SERVICE TAX but the supplier of that service or goods pays no tax to their suppliers.

There is no doubt that GST may cause an inflationary shock in the first few years... however, it tends to stabilise the pricing levels after those few early years. And the future benefits of capping hyperinflation actually outweigh the immediate inflation pain. At the same time, NOT EVERY THING is part of GST because the Govt can give EXEMPTIONS such as household goods, common goods, hawkers/food courts, healthcare, education, PR1MA, etc.

At a regional level, Malaysia is one of the major trading nation in East Asia that has not implemented GST. Also as part of ASEAN commitments, I think our neighbors are persuading us to intro GST now before the standardisation within ASEAN Community 2015.

This post has been edited by accetera: May 20 2013, 11:45 PM

Kid, I suggest you don't play stocks. It's much too advanced for you and you are still a immature kuchee rat.

Imagine you owning AAPL, down 2-3% last week already cry for mommy, but today it's back up another 2% to $440+.

I think for your level just save your money in piggy bank la ah boy. Don't need to kacau gor gor making money.

haha..if you got steel balls, try option. doubt you can even understd what is that. i can only remember fundamental and i watch. dun get burned if thats only you know all about stocks.

btw blowjobs, forget bout option. any stocks recommendatio?. read bloomberg or yahoo finance to get tips on fundamental. strike one more but remember dont goes against trend.

Go long with stocks and short with options. So far served me well.

I don't have steel balls, otherwise I'm playing penny stocks on the NASDAQ or naked shorting stocks already.

Sigh......only kids like you can think someone will get burned by buying a blue chip stock that's among the largest cap companies in the world.

You got steel balls? Buy PSLV.

hhmmm, sounds like those gay guys are running out of guys to sell their butts. are they starting to evolve to become pondans ? usually pondans will like to harass guys, check out guys what they are doing, trying to act like a "pat poh".....hhhmmmm

i think their action sounds like it....but seriously tikaram, u have to understand such people in real life indeed is living in a very pity life. they have no choice but to do such things...either they are unemployed or they have to do such job to get "pity money" from certain people with vested interests.