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 vote for GST!, GST lulus di parlimen

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aeiou228
post Apr 23 2014, 08:30 AM

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No GST on Salmon and Lobster.
QUOTE

http://www.freemalaysiatoday.com/category/...on-and-lobster/

The federal government has announced that the GST (Goods & Services Tax) will not burden the poor. Really?

This columnist finds it difficult to believe when various types of salmon and lobster are exempted from GST while canned sardines, baked beans and instant noodles will bear the full brunt of the GST.

The food products given the GST waiver include Pacific salmon, Atlantic salmon and Danube salmon while the lobsters are Norway lobster and rock lobster. Trout, crayfish and oysters too are among the food products to be given the GST waiver.

Now you see how off-target the government is. Are the poor going to eat salmon, lobsters and oysters on a very regular basis? This is a clear indication that the government is out of touch with the pulse of the rakyat.

Certainly the slogan of ‘People First’ is untrue, to put it mildly.

Besides implementing GST on instant noodles, the government is blaming the subsidies given to the rakyat for the soaring federal debt.

“Even the Prime Minister has resorted to what can be labelled as an ‘alarmist tactic’ of mooting the idea of Malaysia going bankrupt if GST is not implemented,” said Dzulkefly Ahmad, the former PAS Kuala Selangor MP who is a strong opponent of the GST.

The government saying that the subsidies are too costly for the nation’s coffers is an extremely flimsy statement that seeks to absolve the government of managing the nation’s finances responsibly by putting the blame squarely on the rakyat.

Instead the government cajoles the rakyat by saying that GST will help the government to help the rakyat. It is another case of ‘You help me, I help you’.

We are also told that the GST will end the 16-year fiscal deficit and thus our sovereign rating will avoid downgrading.

Thus GST is the solution for the nation’s fiscal woes. In actual fact however, GST is the wrong prescription to cure the nation’s ills because GST will dampen private consumption (household expenditure) which the government depends on to fuel GDP (Gross Domestic Product) growth.

Rising price hikes

Yet the government is adamant on implementing GST. The outcome will be fatal to the rakyat especially the poor and the low-income group who will be drowning to cope with the rising price of goods due to the effect of the current subsidy cuts and future subsidy cuts.

Then GST will truly come to mean ‘Go Strangle Them’ as the rakyat will be strangled by price hikes.

The government’s move to attribute the federal debt to the subsidies for the rakyat is indeed despicable, deplorable and diabolical for it simply means that the rakyat is a burden to the nation and the government.

By saying that the subsidies caused the federal debt to soar and by implementing ‘subsidy rationalisation’, the government is in effect saying that the rakyat contributed to the federal debt.

And thus the subsidies are irrational spending which needs to be rationalised. This implies that spending on the rakyat is irrational!

The government must be fair and play its role accordingly. It is unjust of them to only expect the rakyat to sacrifice our subsidy allocation so as to rescue the nation from bankruptcy when it is frivolous government spending that is the cause of the nation’s financial woes.

“What about the massive subsidies given to the IPPs (Independent Power Producers), the grants to various utility concessionaires, tax-breaks and incentives to industries and corporations, etc? These are subsidies too by whatever name they are called but why aren’t these subsidies ‘rationalised’ as well?” questioned Dzulkefly.

The PAS man also noted that additionally debts were incurred due to sustaining bloated prices for contracts and leakages because of corruption and the litany of sins of omission and commission are shameful much as they have caused colossal losses of taxpayers’ money.

“Everywhere there is wastage, from procurement and contract to asset and revenue management as can be seen in the yearly audit report wherein the corruption-ridden and crony capitalistic or rent-seeking activities of the nation’s administrators stink to the high heavens and are seemingly unabated,” remarked Dzulkefly.

The extra revenue obtained from GST will only encourage the government to spend more given the fact that they are prone to fiscal non-discipline.

Prudent spending

The Finance Minister-cum-Prime Minister is also in the habit of going back to parliament to seek additional funds.

“If he still continues to do so after GST is implemented, it would show that even making use of the GST as the rakyat’s money-churning machine is still not enough when the government continues to spend and spend without thinking,” added Dzulkefly.

With the GST being imposed, the government must practice prudent spending.

Wanton wastage of the rakyat’s hard-earned income is definitely very wrong. But the day that the government is prudent in spending will be the day that the cow jumps over the moon.

Indeed, do not hold your breath waiting for such a day to come.
Kienergy
post Apr 27 2014, 05:08 PM

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QUOTE(drivenheat @ Apr 9 2014, 05:41 PM)
yey!!  rclxm9.gif
if i'm not register, mean i don't need to charge my customer with GST rite? my price will not include GST is it?
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You are such an ignorant dumb a.. If u dont register u cannot claim back ur input tax. Do u knw what is input tax??

Input tax is the gst that was included in u purchases n u cant claim those back frm gov becos u r not registered. So, r u going tovabsorb those tax urself or r u going to still pass it back,to ur customer???

As long as there is a gst regime, everyone will ultimately pay more consumprion taxes. Best solution, reject the idea of gst.

Got it!
aylwyn paul
post Apr 29 2014, 04:50 PM

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12 month period is based on calender year or financial year of the taxable person?
Artus
post Apr 29 2014, 06:43 PM

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QUOTE(aeiou228 @ Apr 23 2014, 08:30 AM)
No GST on Salmon and Lobster.
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Very misleading article. Canned or cooked salmon and lobster is subject to GST.
Artus
post Apr 29 2014, 06:44 PM

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QUOTE(aylwyn paul @ Apr 29 2014, 04:50 PM)
12 month period is based on calender year or financial year of the taxable person?
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The last 12 months. Doesn't have to correspond with financial year.
bcpbeancounter
post Apr 29 2014, 10:16 PM

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Those small newspaper stall how? Newspaper, magazine, cigarate etc are fixed price. They only obsord the input tax or register for gst. Any other option?
aylwyn paul
post Apr 30 2014, 08:33 AM

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QUOTE(Artus @ Apr 29 2014, 06:44 PM)
The last 12 months. Doesn't have to correspond with financial year.
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does it mean calender year?
TSdrivenheat
post Apr 30 2014, 08:51 AM

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QUOTE(bcpbeancounter @ Apr 29 2014, 10:16 PM)
Those small newspaper stall how? Newspaper, magazine, cigarate etc are fixed price. They only obsord the input tax or register for gst. Any other option?
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absorb is the only option, other wise they have to upgrade their stall..
aylwyn paul
post Apr 30 2014, 09:05 AM

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QUOTE(bcpbeancounter @ Apr 29 2014, 10:16 PM)
Those small newspaper stall how? Newspaper, magazine, cigarate etc are fixed price. They only obsord the input tax or register for gst. Any other option?
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register for gst to claim input tax to reduce cost . but get prepare for custom and irb audit
bcpbeancounter
post Apr 30 2014, 11:19 AM

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QUOTE(drivenheat @ Apr 30 2014, 08:51 AM)
absorb is the only option, other wise they have to upgrade their stall..
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QUOTE(aylwyn paul @ Apr 30 2014, 09:05 AM)
register for gst to claim input tax to reduce cost . but get prepare for custom and irb audit
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E.G, The Star selling RM1.20 fixed. How to absord? I don't think they have huge profit to absord. To register, first they need a computer, and next accounting software. Then get them self understand the input tax and output tax. file on time etc...do you think they can afford to do all these?
Artus
post Apr 30 2014, 11:22 AM

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QUOTE(aylwyn paul @ Apr 30 2014, 08:33 AM)
does it mean calender year?
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Simple answer is anytime in the past 12 months if your sales exceeds RM500,000, you must register to collect GST.
aylwyn paul
post Apr 30 2014, 11:36 AM

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QUOTE(Artus @ Apr 30 2014, 11:22 AM)
Simple answer is anytime in the past 12 months if your sales exceeds RM500,000, you must register to collect GST.
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still not understand . can you give me example
aylwyn paul
post Apr 30 2014, 11:37 AM

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QUOTE(bcpbeancounter @ Apr 30 2014, 11:19 AM)
E.G, The Star selling RM1.20 fixed. How to absord? I don't think they have huge profit to absord. To register, first they need a computer, and next accounting software. Then get them self understand the input tax and output tax. file on time etc...do you think they can afford to do all these?
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you can register manually .custom give us two year grace period(stupid govt policy)
they should allow people to have option either manually or computer system

This post has been edited by aylwyn paul: Apr 30 2014, 11:39 AM
Artus
post Apr 30 2014, 11:43 AM

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QUOTE(aylwyn paul @ Apr 30 2014, 11:36 AM)
still not understand . can you give me example
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If on 31 Dec 2014, your total sales from Jan 2014 to Dec 2014 is RM430,000 - no need to register for GST.
If on 31 Jan 2015, your total sales from Feb 2014 to Jan 2015 is RM380,000 - no need to register for GST.
If on 28 Fe 2015, your total sales from Mar 2014 to Feb 2015 is RM505,000 - you must register to collect GST.
If on 31 Mar 2015, your total sales from Apr 2014 to Mar 2015 is RM480,000 - you must continue to collect GST because you have registered already.

I think only can de-register after 2 years if sales is always below RM500,000.


Artus
post Apr 30 2014, 11:47 AM

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QUOTE(aylwyn paul @ Apr 30 2014, 11:37 AM)
you can register manually .custom give us two year grace period(stupid govt policy)
they should allow people to have option either manually or computer system
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Cannot allow manual billing lah because buyers want to use it to claim input tax. If hand written sure a lot of calculation mistakes and wrong classification of tax codes.


aylwyn paul
post Apr 30 2014, 12:01 PM

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QUOTE(Artus @ Apr 30 2014, 11:43 AM)
If on 31 Dec 2014, your total sales from Jan 2014 to Dec 2014 is RM430,000 - no need to register for GST.
If on 31 Jan 2015, your total sales from Feb 2014 to Jan 2015 is RM380,000 - no need to register for GST.
If on 28 Fe 2015, your total sales from Mar 2014 to Feb 2015 is RM505,000 - you must register to collect GST.
If on 31 Mar 2015, your total sales from Apr 2014 to Mar 2015 is RM480,000 - you must continue to collect GST because you have registered already.

I think only can de-register after 2 years if sales is always below RM500,000.
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like this semua orang mati .

from eg3. need to collect gst from march 2014 to feb 2015. then who will bear the gst cost for that period. how do we know we can hit the limit
Artus
post Apr 30 2014, 12:13 PM

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QUOTE(aylwyn paul @ Apr 30 2014, 12:01 PM)
like this semua orang mati .

from eg3. need to collect gst from march 2014 to feb 2015. then who will bear the gst cost for that period. how do we know we can hit the limit
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Who asked you to pay for the GST during the period? You haven't register, so need to impose GST. You only need to keep track on your sales for the past 12 months to see if you are required to register or not. Only after registration then only you need to collect GST and that also is not immediate. Customs would give you a date to start collecting.

How do we know that we hit the limit? Must do your accounts all the time lah. Cannot like last time simply issue and collect invoices and pass to bookkeepers at the end of the year to produce the accounts.

If a business exceeded the sales amount but did not register, the penalty and fines can be terrible.


aylwyn paul
post Apr 30 2014, 12:24 PM

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QUOTE(Artus @ Apr 30 2014, 12:13 PM)
Who asked you to pay for the GST during the period? You haven't register, so need to impose GST. You only need to keep track on your sales for the past 12 months to see if you are required to register or not. Only after registration then only you need to collect GST and that also is not immediate. Customs would give you a date to start collecting.

How do we know that we hit the limit? Must do your accounts all the time lah. Cannot like last time simply issue and collect invoices and pass to bookkeepers at the end of the year to produce the accounts.

If a business exceeded the sales amount but did not register, the penalty and fines can be terrible.
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you mean start collect gst from march 2015
Artus
post Apr 30 2014, 12:43 PM

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QUOTE(aylwyn paul @ Apr 30 2014, 12:24 PM)
you mean start collect gst from march 2015
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Yes.
Artus
post Apr 30 2014, 12:45 PM

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On second thought, it may be Apr 2015 then only need to start to collect because during march 2015 you need to register.

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