Malaysia applies three types of GST namely the Standard Rate Zero Rate. The main difference between GST and SST is that GST is a unified and indirect tax that is levied on the supply of goods and services.
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SST is a service tax levied on any taxable.
. GST refers to a value-added on multiple taxation stages while SST is basically enforced during the output stages. GST vs SST became one of the hottest debate topics among. Besides the GST implementation could help the government increase national savings to prepare for future inflation.
The coverage of GST was comprehensive and it covered too. SST is a narrow-based taxation system while GST is a broad taxation system. While it was able collect a sustainable sum of RM44bil for the country it was not people-friendly.
GST offers transparency unlike SST which keeps consumers unaware of. The main difference between GST and SST is that GST is a unified and indirect tax that is levied on the supply of goods and services. The Sales and Services Tax SST was recently reintroduced back in Malaysia as part of Pakatan Harapans post-election victory.
The coverage of GST was comprehensive and it covered too wide a sector. GST vs SST is an argument commonly heard among Malaysians especially during the initial roll-out phase of GST in 2014-2015. The main difference between GST and SST is that GST is a unified and indirect tax that is levied on the supply of goods and services.
Those differences lie in administrative and policy development. SST is a service tax levied on any taxable. SST features the cascading and compounding index in its system while GST has eliminated it.
SST is a service tax levied on any taxable. When you go in depth you will find that when SST VS GST is considered there are many other differences too.
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