FMM asks govt to refund RM220m GST input tax to its members before SST rollout


(The Edge) – The Federation of Malaysian Manufacturers (FMM) has urged the government to refund the outstanding goods and services tax (GST) input tax refunds to its members at the soonest possible.

In a statement today, FMM said based on a survey conducted in July, the feedback received from over 100 FMM members showed that these companies collectively have yet to receive over RM220 million in input tax refunds.

“The delay in refunds has caused serious cash flow issues for our members, especially small medium enterprises and continues to hurt exporters.

 



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