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GST exemption for some basic items

Exercise will be largely revenue-neutral in early stages of implementation: S&P

MalaysiaGST111014.jpg
MALAYSIAN Prime Minister Najib Razak sought to assure on Friday that the 6 per cent goods and services tax (GST) to be implemented from April next year will be less painful than anticipated, and that one of the most essential items, fuel - the price of which was raised by a tenth this month - would not be subject to the new tax - PHOTO: BLOOMBERG

Kuala Lumpur

MALAYSIAN Prime Minister Najib Razak sought to assure on Friday that the 6 per cent goods and services tax (GST) to be implemented from April next year will be less painful than anticipated, and that one of the most essential items, fuel - the price of which was raised by a

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