GEORGE TOWN: The Finance Ministry's Fiscal Survey 2024 shows that the Goods and Services Tax is a better system compared to Sales and Service Tax says Datuk Seri Dr Wee Ka Siong.
Reading from the book, Dr Wee said the question of double taxation does not arise in GST and added that while the SST rate was imposed on sales and services , GST only has a single tax rate of 6%. He added that there is no need to introduce e-invoicing to prevent tax dodgers as GST will automatically handle the issue as payors have to present all their details for refunds.
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