Traders must change price tags to zero GST by June 30

Bernama pic.

PUTRAJAYA: The domestic trade, cooperatives and consumerism ministry (KPDNKK) has given traders a one-month grace period starting today to display price tags with zero-rating of the goods and services tax (GST).

Its enforcement director Roslan Mahayudin said the ministry would at the same time conduct a nationwide operation called Ops Catut 4.0 until June 30 to inspect the level of compliance by traders on the matter from today.

“The objective of KPDNKK is to combat abuse during the change of the GST rate and in other situations,” he said.

He said the ministry would also compare prices after GST is rated zero on June 1 with prices before.

“When GST is zero-rated, the prices of goods should be lower,” he said after observing the implementation of zero GST at AEON Big in Alamanda shopping centre here today.

To ensure traders comply with the implementation of zero GST, consumers are advised to examine purchase receipts to check if the GST is rated zero, he said.

Roslan said there would however be no change to prices of goods such as rice, cooking oil and RON 95 petrol which had already been GST zero-rated before June 1.

He said after the transition period ends on June 30, traders who have yet to change their price tags would face action under the Price Control and Anti-Profiteering Act 2011 and the Profiteering under Price Control and Anti Profiteering (Mechanism to Determine Unreasonably High Profit for Goods) Regulations 2016.

On the implementation of zero GST at AEON Big, Roslan said a large section of its goods had been changed while only some items were still in the process of having their tags altered.

“Most of the goods today were found cheaper compared to before June 1,” he said.

GST sentiment caused BN to lose, not price of goods, says ex-minister

Zero GST: Customs get 20 complaints of profiteering