Ya lor, otherwise stamp duty and GST together would be considered Double Taxation.

so at the end property will kena or not actually? this BN is really making me frustrated la. people who voted for them really stupid

ah ha !!!! 7% on tepung.. kena juga

then the magician will introduce a new law... due to the overwhelming response in property, we are implementing the gst into property to control the investor, flippers and the property price..lol

haha.. wat to do..itu new minister say u tak suka u keluar lo... haha.. wat a joke man

Yes !!! !!!! ! ! ! ! ! !!! ! ! !! ! ! ! ! ! !! !! ! ! ! ! ! ! ! ! ! !! ! ! ! 1

what the hell...already hard to buy property, now they wanna do this thing.

it is not secret that in the end all the GST money collected will be distributed to Ah Jib and Rosmah and their "dogs"

yup its exempted. but i reckon the sale price is already bloated to cater the 7% increase in the construction portion. materials, services etc.

in the end, rakyat is the one fcuked.

U know going against them may not be possible. Maybe need to try other method. Taikors of PR masuk BN and bersihkan BN? Huhu.

gosh...this is so unfair. developer are still earning! but buyers are screwed.

with GST implemented, everything will be affected. food, water etc. it will be a chain reaction

What I know about the proposed Malaysia GST:-

1). It is proposed that the GST is being taxed at 4%. The mentioned 7% was said by a minister that was not backed by any sources.

2). According to the proposed GST, they are 3 catergories of GST.
a). Standard supply--> It apply to almost all stuffs except for those under exempt and Zero-rated supply. For Standard Supply, the end user/consumers bear the GST.
b). Zero-rated supply --> It apply to daily necessity foodstuff. The term zero-rated means, no GST on input and output, so theoritically, the price of these items should not be inflated by GST (but in practice, the price still increase due to GST...)
c). Exempt supply--> Housing. GST on input but not output. It means that the developers need to absorb the GST and cannot pass to the buyers.

3) Exempt supply for housing
The proposed GST states that the developers need to absorb GST. In practice the developers just add the cost of GST and pass it to the buyers (which is not allowed to do so). But how to govern/prove these? Which developers are so clumsy to bear the GST cost?

Hope these can clarify some issues.

This post has been edited by Denis: May 20 2013, 04:04 PM

Totally agreed, GST imposed on the materials & services will be imputed in the selling price of the property. No developer will adsorb d GST on behalf of the purchasers.

Too bad the BR1M is not gonna cover that, not even an inch.

However, it is the government that 'we' people choose, it is a democratic decision and we must not have any complain anything over that, they said

Last time i always heard affordable houses will be catered by government. This reminds me of the story of mustapha kemal ataturk of turkey. Said something else but he did 180 degrees of what he said.

This post has been edited by AMINT: May 20 2013, 09:25 PM

buy/sell (unconfirmed basis)
- luxury residential subjected to GST standard rate. "luxury" definition is unclear
- non luxury residential, GST shld be out of scope
- commercial shoplots/office and commercial residence are likely subjected to GST standard rate

Leasing/long term tenancy
- private residence is an exempted supply...no GST but input GST borned by developer will be blocked and passed on to purchasers
- commercial property will subject to GST standard rate
- commercial residence is an exempted supply...no GST but input GST payable by developer will be blocked and passed on to purchasers

agent/legal fees
- this will subject to GST standard rate and current 6% service tax will be discontinued

Only for consumer goods I think, or else many people will be rage on the streets

many ppl already rage on the streets since after election... it doesnt affect our "People First" gov also... instead of listening to them, they warn that "stern" actions will be taken against those illegal rally goers... so do expect the worst so you can be prepared, rather than let yourself got caught by surprise...

once GST implement, directly or indirectly property prices will increase... the last time petrol increase, non related stuff sold like Teh Tarik also rise price... what more this time GST on goods and materials...

so in the end, we rakyat can only hear "lu tak suka lu keluar"

In the end, ppl that chosen to wait to buy property ended up to lost even more. Malaysia oh Malaysia

+1 thats why i dunno why people still wana debate going up or down. The sign is so obvious even before may 5th..

what is vacation club?

Property price increase due to GST (going to implement sooner or later) and minimum labour salary (foreign) ady RM900.. Can imagine property price now o.0