News
Can India embrace a GST rollback like Malaysia?
- Date:
- April 30, 2019
- Source:
- CNBC TV18
Historically, Malaysia was a country which had multiple indirect taxes namely import duty, export duty, government sales tax, service tax and excise duty. In 2015, a six percent GST was introduced in the country by replacing twin taxes. Firstly, government sales tax which was applicable on a wide range of goods with four tax rates at 5 percent, 10 percent, 20 percent and 25 percent and secondly, s…