PUTRAJAYA: Beginning Nov 15, supermarkets and grocery chains nationwide must come up with new prices for all types of goods they sell, under the sales and services tax (SST).
Domestic Trade and Consumer Affairs Ministry (KPDNHEP) enforcement director Mohd Roslan Mahayudin said companies that managed such businesses were given a two-month grace period so that they could make the necessary price adjustments from the previous goods and services tax (GST) to the SST which was implemented on Sept 1.
“There are shops where previous stocks have been exhausted and there are also shops which still have the old stock. The question is whether they can charge a new price,” he said.
“These hypermarkets and retail outlets have a pricing system where all their goods across the country show the same price. They have a system where prices are already fixed by their headquarters. So, they wrote to the ministry and we did some research before giving them leeway,” he added.
Asked about the sale of old stock to consumers, Roslan said there should not be much old stock left before the price adjustment period ends on Nov 15.
Roslan also explained that the sales tax rate imposed was not the same for all goods as they ranged from 0%, 5% and 10%, while the service tax rate was 6%.