{"id":15386,"date":"2015-04-10T15:42:05","date_gmt":"2015-04-10T07:42:05","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=15386"},"modified":"2015-04-10T15:42:05","modified_gmt":"2015-04-10T07:42:05","slug":"prepaid-reload-are-we-paying-for-GST-or-not","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/prepaid-reload-are-we-paying-for-GST-or-not","title":{"rendered":"Prepaid Reload: Are We Paying For GST Or Not?"},"content":{"rendered":"

\"mobile<\/a><\/p>\n

The 6% GST charged on prepaid reload cards had mobile prepaid users in furore for the past one and half weeks.<\/p>\n

Though it has not been finalised yet, the prices of prepaid reload cards could revert to their original prices, prior to GST by next month.<\/p>\n

According to Datuk Subromaniam Tholasy, the GST director of the Customs Department, the matter was still being finalised with the country\u2019s telecommunication companies, but adding that the Government was \u201chopeful\u201d.<\/p>\n

\u201cThe Deputy Finance Minister II (Datuk Ahmad Maslan) has chaired a meeting with the telco chiefs and discussed reverting to the old prices for prepaid top-up cards.<\/p>\n

\u201cWe have expressed our stance to the telcos.<\/p>\n

\u201cHowever, they asked for a month to adjust the prices because the process is not that simple and it takes time.<\/p>\n

\u201cNext week, the Customs director-general will meet the telco chiefs again for further discussion,\u201d Subromaniam said at a joint press conference with the Domestic Trade, Cooperatives and Consumerism Ministry officials here yesterday.<\/p>\n

Prior to GST, telcos had been absorbing the Sales and Services Tax (SST) of 6%, which was replaced by the GST.<\/p>\n

However, after April 1, telcos went on to charge the GST on top of the reload card prices, making a RM10 reload increased to RM10.60.<\/p>\n

After a meeting between government officials and telcos, it was decided that the companies would be allowed to temporarily impose the GST on top of the prices \u2013 with additional talk time for customers \u2013 until a new solution was found.<\/p>\n

\u201cFor the time being, consumers will have to pay the extra 6%.<\/p>\n

\u201cBut they will get additional talk time.<\/p>\n

\u201cWhatever decision we come to, I can assure consumers that they will not lose out either way,\u201d said Subromaniam.<\/p>\n

According to Subromaniam, the Customs Department has collected RM259mil in GST revenue since April 1 from imported goods.<\/p>\n

However, not all of the amount will go into the Government\u2019s coffers as importers are expected to file for input tax claims.<\/p>\n

\u201cAs for the GST collected from the purchases of goods or payment for service, this will only be declared at the end of every month,\u201d Subromaniam said.<\/p>\n

[Source<\/a>]<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Though it has not been finalised yet, the prices of prepaid reload cards could revert to their original prices, prior to GST by next month.<\/p>\n","protected":false},"author":9,"featured_media":15389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[246,216],"tags":[],"class_list":["post-15386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile-plan","category-news-updates"],"acf":[],"yoast_head":"\nPrepaid Reloads: Are We Paying For GST Or Not? | iMoney<\/title>\n<meta name=\"description\" content=\"Though it has not been finalised yet, the prices of prepaid reload cards could revert to their original prices, prior to GST by next month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/prepaid-reload-are-we-paying-for-GST-or-not\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prepaid Reloads: Are We Paying For GST Or Not? 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