Malaysian move means little for India’s GST

Malaysia implemented the goods and services tax (GST) regime from April 1, 2015, which replaced its existing sales and service tax (SST) regime. This GST law was enacted after six years of its first presentment in the Malaysian Parliament, and it was the last country before India that implemented GST; the standard rate was at 6%. On May 10, 2018, Mahathir Mohamad was sworn in as seventh PM and, on…