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Business are looking towards a challenging year with the implementation of Goods and Services Tax (GST).
The question of how GST will affect SMEs in Malaysia was answered by SME Corporation Malaysia Chief executive officer Datuk Hafsah Hashim.
The areas that will experience changes are as follows:
There will be some impact of the running of daily operation due to the GST compliant accounting systems. This will give rise to additional operations costs.
SMEs will need to assess if …