GST Rate unchanged

The government still maintains gst rate of 6%. This is because petroleum tax revenue is expected to decline from $ 27 billion in 2014 to RM 9 billion. However, if the rate of GST is increased, it is only 1%, this will affect the people because of the increased drastically.

Moreover, if viewed in Malaysia gst rate is low compared to other countries, where the rate of GST should be raised is sufficient only 7% in the next 3-5 years.