GST registration deadline looming in

With the extended GST registration deadline looming in, the Customs director-general Datuk Seri Khazali Ahmad has pointed to the unregistered companies to register for GST before 28 February 2015 or be prepare to pay RM15,000 in compound. He also mentioned that till date, there are more than 60,000 companies are yet to register for GST.

Meanwhile, for companies that does not register within the extended deadline, they will face a compound of RM15,000 and will be force registered for GST. The fine and registration by force are provided for under the GST Act 2014, he pointed.

Further, Khazali also mentioned that the customs department has sent an Acknowledge of Receipt (AR) registered mail reminding them to register for the GST. Subsequent to that, his department will carry out the Ops GST from 1 March 2015 where they would pay a visit to those whom have not registered.

Source: The Sun, 18 February 2015

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