single-image

Answers to missing GST refund money out today

KUALA LUMPUR: The answer to the missing money issue for the repayment of Goods and Services Tax (GST) claims is expected to be revealed today after almost one year it was exposed by Finance Minister Lim Guan Eng.

The Public Accounts Committee (PAC) will be tabling its report on arrears for repayment of GST amounting to RM19.4 billion at Dewan Rakyat.

The report can be obtained by the members of the public via PAC Parliament website www.parlimen.gov.my/pac after it has been tabled.

It was revealed last year in August by Guan Eng how the previous government had failed to pay RM19.4 billion in GST refunds since its implementation in April 2015 to May 31, 2018. It was then found out that only RM1.49 billion left in the repayment fund. The investigation proceeding on the matter was conducted by PAC on August 15, 2018 which took them 11 months to complete the report.

You may also like