FMM welcomes govt's initiative to study GST reinstatement

The Federation of Malaysian Manufacturers (FMM) has welcomed the government’s initiative to study the feasibility of reinstating the Goods and Services Tax (GST) and review the weaknesses of the existing Sales and Services Tax (SST).

Its president, Soh Thian Lai said prices of Malaysian exports would be more competitive globally as no GST would be imposed on exported goods and services, while GST incurred on inputs could be recovered along the supply chain...