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 Gst issue for selling off commercial property

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cherroy
post May 20 2016, 11:47 AM

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QUOTE(nookie188 @ May 19 2016, 08:38 PM)
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heard from an agent that if one were to sell one commie a year even though one meets one of the above criteria
no gst needs to be paid??
*
The ruling has changed few months ago.

Once meet anyone criteria as listed, GST registration is needed.

cherroy
post May 20 2016, 02:41 PM

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QUOTE(nookie188 @ May 20 2016, 01:33 PM)
thanks for the update..

this gomen keep changing the rules and its causing a lot of confusion.

now they are trying to rope in as much as possible - start lenient then make it stricter and stricter to maximize
gst collection!
*
Sometimes, it is to avoid potential loopholes.

Anyway, for those not yet update the issue,

http://www.thestar.com.my/news/nation/2016...ear-gst-exempt/

 

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