RMCD releases notice on display prices
The Royal Malaysian Customs Department (RMCD) has released a notice to clarify the display of price tags with effect from 1 June 2018.
The notice provides, among others, the following:
• GST-registered vendors are required to display a notice in an obvious area in their premises that the price tags that used to include the 6% GST has changed to 0% GST.
• GST-registered vendors are given until 1 July 2018 to update their price tags.
• Those who have obtained approval from the Director General to charge GST exclusively need not change their price tags. However, they are not allowed to collect GST since it has been zero-rated.
Kindly visit the RMCD website for further information.
Source: RMCD website, 30 May 2018