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Late refund of GST input tax to companies must be penalised, says PenangPENANG_LIM_GUAN_ENG_150515_TMIHASNOOR_01.jpg

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Putrajaya must state what will happen if authorities are slow in refunding business for input tax paid under the goods and service tax (GST) scheme, the Penang government said. While the law on GST, which was implemented in April, penalises companies if they failed to remit GST collected on time, it was not clear what is to happen to the...

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