No more RM50 credit card fee with GST, updated 23/3/2015
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 Jan 12 2015, 11:35 PM
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1,947 posts Joined: Nov 2005 
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QUOTE(max_cjs0101 @ Jan 12 2015, 02:36 PM) Does this mean all credit card transactions will have a 6% fee? Just got statement from my bank literally telling that gst will be charged for everything.  No mention how it will be charged tho |
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Jan 12 2015, 11:48 PM
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Senior Member
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QUOTE(David83 @ Jan 12 2015, 03:37 PM) I think they meant all fees and charges will attract GST. Yes. Anything that has a fee will be imposed GST fee as well.Now on the product you swiped for as those will be taken care by the merchant. From the statement it was targeted to all cards, deposits, unit trust, bonds, bizmoney, gold, treasury, custodian, transaction banking, loan facilities , accounts and/or services. QUOTE(fantasy1989 @ Jan 12 2015, 03:39 PM) all processing charges will get charged yeah. now cash is king again. like debit card annual charges will add gst lo ...eg: rm15 for debit card + 6% some transaction which got processing fees will add gst also Attached File(s) 
GST_Guide_on_Commercial_Banking__draft_as_at_19_November_2013_.pdf ( 430.5k )
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