LAST_UPDATETue, 17 Jul 2018 12pm

No Change In The Prices Of Goods Despite Zero-Rated GST, Najib Voices Concern

Former prime minister Datuk Seri Najib Tun Razak expressed his concern for the Malaysian people after Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail said the prices of goods were reduced only by a small amount after the zero-rating of Goods & Services Tax (GST).

“This morning, I was shocked to read to a statement by a Pakatan Harapan (PH) minister for admitting that GST was not the main cause of price increase of goods, even though they have been scapegoating the tax against the government prior to the election.

“At that time, PH refused and even ridiculed our warnings. Now, PH has to eat back their own words,” Najib wrote in his Facebook.

The former Barisan Nasional (BN) chairman was responding to a statement by Saifuddin in regards to the price drop of 417 items which was only between 0.04 to 13 per cent.

“We acknowledged receiving complaints about prices being unchanged and also increase in prices at some restaurants and food courts,” he told Bernama last night.

In taking action, the minister explained that warnings have been issued to traders who did not comply with the zero-rating of GST, and legal action will be taken if the traders do not comply.

Since prices of goods were not reduced after the zero-rated GST, Najib was worried over the possible increase in prices after the Sales and Services Tax (SST) will be reintroduced this September.

“This is the consequence when the tax system is adjusted carelessly. BN has warned about this issue prior to the 14th General Election.

“Undoubtedly, this will impact the cost of living of the people and is a blatant opposite of PH’s extravagant promises to reduce the people’s cost of living in their manifesto.

“I hope the PH-led government will act soon to ensure this will not happen,” Najib concluded.

Apart Federation of Malaysian Consumer Associations (FOMCA) deputy president Mohd Yusof Abdul Rahman raising the issue, former information minister Tan Sri Rais Yatim similarly expressed his concern.

-- mD