KUALA LUMPUR, Nov 5 – The number of companies that have registered for the Goods and Services Tax (GST) stood at 122,719 as of Nov 4, an increase of 2,365 from the previous day, said the Royal Malaysian Customs Department. In a statement, the department said the latest data showed a continuing rise in the number of companies registering for the GST, with the Dec 31 deadline.
The government’s target is to get 140,000 companies to register under the new tax structure to be implemented on April 1, 2015. Meanwhile, Prime Minister Datuk Seri Najib Tun Razak had said that there would be no turning back on the implementation of the GST. Judging from the daily increase in the number of new companies registering for the GST, he was confident there would be about 200,000 companies GST-registered by year-end.