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Monday, January 13, 2014

Association wants GST for minimum RM1million business volume

Posted on January 12, 2014, Sunday
KCROA Ho (seventh left) and Kong (ninth left) join others for the cake-cutting ceremony.
KAPIT: The Malaysia-Singapore Coffee Shop and Restaurant Proprietors’ Association has proposed that a minimum business volume of RM1 million be set for the collection of goods and services tax (GST).

President Ho Su Mong said at present those with a business volume of RM500,000 and above would have to register with the Royal Malaysian Customs Department to collect GST come April 2015.

“We together with the Malaysia Muslim General Hawkers’ Association and another three NGOs (non-governmental organisations) have sent a memorandum to the Prime Minister Datuk Seri Najib Tun Razak, who is also the Finance Minister, calling on the government to only implement GST for a business volume above RM1 million.

“We hope the government would consider our request that a business volume of RM500,000 and below be exempted from GST. This is for the welfare of the middle and lower income Malaysians, who form the bulk of the 28 million people in Malaysia,” he said during a New Year Dinner hosted by the Kapit Coffee Shop and Restaurant Owners’ Association (KCROA) on Friday.

He added that the rate of inflation has also increased since the government began gradually withdrawing subsidies on certain essential goods.

Meanwhile, KCROA chairman Kong Chin Hwa called on customers to understand the need for association members to raise prices due to higher operating costs.

“Don’t blame us for selling coffee at higher prices now. Just compare the prices of essential goods between last year and this year, the price has increased so much,” he said.

Consumers here have complained about the recent hike in prices by 20 to 30 sen for food and drinks at eateries.

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