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GST exemption for some basic items

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

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 tenth this month - would not be subject to the new tax.

Tabling Budget 2015 in Parliament, he said many basic items and services would not be subject to the tax. He also assured of cash handouts to aid lower and middle-income...

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