GST Registration Rises To 118,026 As Of Nov 1

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KUALA LUMPUR, Nov 2 – The number of companies that have registered for the Goods and Services Tax (GST) stood at 118,026 as of Nov 1, an increase of 650 from the previous day, said the Royal Malaysian Customs Department.

In a statement, the department said the latest data showed a continuing increase in the number of companies registering for the GST, with the Dec 31 deadline in mind. The government’s target is to get 140,000 companies to register under the new tax structure to be implemented on April 1, 2015.

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