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RM15.9b GST refunds repaid to 78,000 companies as of September this year | Malay Mail

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KUALA LUMPUR, Oct 11 — Finance Minister Lim Guan Eng said today the federal government has managed to repay outstanding Goods and Services Tax (GST) refunds amounting to RM15.9 billion to more than 78,000 companies as of end-September this year. Lim, who tabled the Supply Bill (Budget) 2020 in...

Friday, 11 Oct 2019 07:02 PM MYTPrime Minster Tun Dr Mahathir Mohamad, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail and Finance Minister Lim Guan Eng arrive in Parliament for the tabling of Budget 2020 on October 11, 2019. — Picture by Miera Zulyana

Lim, who tabled the Supply Bill 2020 in Parliament earlier, also said income tax refunds amounting to RM13.6 billion have been returned to 448,000 companies and 184,000 taxpayers. Previously, the Public Accounts Committee’s summary in July showed a RM19.25 billion shortfall in the fund for GST refunds because the previous administration had used the GST collections to finance its operating and development expenditures.

 

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