The Malaysian company has committed to introduce sales and service tax (SST) to replace the goods and service tax (GST), taking effect on 1 September
The Malaysian company has committed to introduce sales and service tax (SST) to replace the goods and service tax (GST), taking effect on 1 September 2018 (Dr Choong Kwai Fatt, Accounting and Business, July/August2019).
Required:
Analyse the differences of the GST and SST with focusing on the concept, tax rates, advantages and disadvantages.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Sales and Services Tax SST The Sales Tax is only imposed on the manufacturer level the Service Tax is imposed on consumers that are using tax services SST rates are less transparent than the GST which ...
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Step: 2
Step: 3
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Authors: Richard Brealey, Stewart Myers, Franklin Allen
13th edition
1260013901, 1260565553, 978-1260013900
