GST To Have Minimal Impact On Renovation Construction Sector

Date：2014/12/10

KUALA LUMPUR -- The Goods and Services Tax (GST) is likely to have a minimal impact on the renovation construction sector during the initial phase of implementation of the new tax system from April 1, next year.
 
Construction Industry Development Board (CIDB) Malaysia Chief Executive Officer Datuk Seri Dr Judin Abdul Karim said the impact of any price hike on building materials would depend on whether it is locally made or imported.
 
"In the beginning, industry players may be unsure of the GST, and tend to increase prices of items. But, I am sure the government will take action to ensure no one takes advantage of the situation," he told a press conference in Kuala Lumpur, Tuesday.
 



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