WHAT WILL EFFECT OF GST BE TO OVERALL ECONOMY ?

20141212-001.What will the effects of GST be to the overall economy.1GST Malaysia.1gst.com.my

The goverment will recover more tax revenue to sustain and build the Malaysian economy from an efficient and fair tax system widely praticed in developed and developing economies worldwide. Generally, it is fair because anyone enjoying the consumption of goods and services in Malaysia will have to pay tax based on what they consumed including immigrants and tourists. There are statistics to prove that a general price increase is imminent from the GST adoption experienced in other countries.

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