SST covers only 38 pct of CPI basket of goods – Guan Eng

KUALA LUMPUR, July 19 (Bernama) — The Sales and Services Tax (SST) will cover only 38 per cent of the Consumer Price Index (CPI) basket of goods compared with the 60 per cent from the Goods and Services Tax (GST). Finance Minister Lim Guan Eng said the implementation of the improved SST would ‘return’ to the people RM23 billion in taxes collected which would ease their financial burden, especially those affected by high living costs.

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