March 23, 2015 | Posted in:GST Public Awareness
Our GST-awareness talks of over 28 sessions exposed thousands of students to the basics of GST, giving them a glimpse of how GST would affect them as consumers.
Many students from the KL Campus asked if GST would cause the prices of goods to increase – a question whose only answer is: we will have to wait and see. Nonetheless, we introduced the concept of the Price Control and Anti-Profiteering Act.
Students with parents running businesses in smaller towns also raised concerns on whether their family-run businesses would need to register for GST – a very relevant question given that GST information and facilities are less easily available in rural areas.
We conducted a special GST session aimed at the lecturers of Tunku Abdul Rahman University College.
The session focused on the mechanism of GST on a micro and macro level, impact on consumers as well as businesses, and the general scope of GST.
The session drew a very lively discussion from the audience whereby lecturers raised may intelligent (and often challenging) questions. Example:
How does GST enable the government to increase revenue collections?
How would the government ensure GST is only charged and collected by restaurants and outlets who are registered for GST, and not charged by unauthorized operators?