GST

GST is short term for Good service and  Taxds, in Malaysia it was published on 1st April 2015. GST was standardize their fixed rate on 6% base on the amount of the buyer. This taxs will apply to all the goods and services although using the machine. Actually the GST is also Known as a across the world as either  it is a broad-based consumption  tax (tax on your spending!) which affects all parties in a multi-stage taxation system across the value chain from manufacturing to sales, it is based on a tax-on-value-add concept which avoids duplication of taxes. This is in contrast to both the Sales and Service Tax in Malaysia which is just added at one stage (Sales Tax at manufacturer level, and Service Tax at consumer level).

The Goods and Services Tax in Malaysia (GST) was initially mooted by the federal government in 2011 to replace the existing Sales and Service Taxes, but was met with much resistance from the public at large, partially due to the implication of a price hike in essential goods and services, but also partially due to the lack of clarity around the current consumption tax systems in Malaysia.

This Good services and Taxes (GST) is good to the governance, but is bad to the lower society class social. Why i say, its good to the governance. In my opinion, it will help the society needed using the amount of the charge.

In customer perspective is, GST is burden to the buyer. For example, the amount is of service and taxs is invcrease the expenses. From that, the buyer should buy with the higher product. in economics perspective if the lower demand is lower price. That means will have the infation.