GST Refund

The Customs Department has advised companies that had yet to receive their GST refund claims to update their registration information and bank information in the Taxpayer Access Point (TAP), MyGST.

The Public Accounts Committee (PAC) has received feedback from the Ministry of Finance (MoF) relating to its two proposals on the Goods and Services Tax (GST) refund claims.

The auditing conducted on the Royal Malaysian Customs Department has found that it has overpaid refunds on Goods and Services Tax (GST) amounting to RM4.38 million.

The Ministry of Finance will settle the Goods and Services Tax (GST) refund arrears totalling RM4.763 billion by the end of the year.

The Finance Ministry through the Royal Malaysian Customs Department (JKDM) has paid out RM1.264 billion in Goods and Services Tax (GST) refund to 4,316 companies from June 22 until July 2.

Minister Tengku Datuk Seri Zafrul Abdul Aziz said the payment process would be completed by December this year.

Menteri Kewangan berkata tunggakan berjumlah RM19.4 bilion gagal dibayar kepada 121,429 syarikat dan individu kerana baki Tabung Bayaran Balik GST hanya ada RM148.6 juta.

The Royal Customs Department has detained a married couple for fraudulent Goods and Services Tax (GST) refund claim through the GST-03 statement, involving nearly RM25.58 million.

The firm believes the process that's currently taking 3 months will soon be improved to the 14-day period as aimed by the Customs Department.

Two GST Refund Verification Counters will begin operating from April 1 at each of the eight international airports nationwide.