WHAT IF I FILE MY TAX RETURN LATE OR SUBMITTED A WRONG RETURN?

20141211-032.1GST Malaysia.1gst.com.my

Late or incorrect returns on GST such as omission of information, under-statement of output tax liability or over-statement of inout tax claims are liable to a fine of up to RM50,000 or up to 3 years imprisonment, or both. Additional penalty equal to the amount of the tax which has been undercharged will be imposed as well.

SOURCE:100++ QUICK ANSWERS GST FOR BUSY BUSINESS PEOPLE/ SECTION B.