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Malaysia Customs to launch Ops Tracks GST 2016, from Jan 17 to Jan 22

Malaysia Customs to launch Ops Tracks GST 2016, from Jan 17 to Jan 22

PUTRAJAYA: The Royal Malaysian Customs (Customs) will launch Ops Tracks GST 2016, from Jan 17 to Jan 22, to ensure businesses, companies and individuals are registered under the Goods and Services Tax (GST).

Customs Director-General Datuk Seri Khazali Ahmad said Ops Tracks 2016 would detect individuals, companies and businesses that qualify to be registered under the GST but have yet to do so.

“We are targeting at least 100,000 new registrations for 2016. We will go after these people instead of waiting for them to come forward.

“We have given them ample time since 2014 to be GST-ready and they must fulfill the requirements of the law and carry out their responsibility,” he told reporters at the Customs headquarters here today.

Khazali said 1,500 officers from the GST division would be deployed, nationwide, to carry out the operations.

“We advise all businesses that achieve a taxable turnover of more than RM500,000 to immediately register (for GST). Those who fail to do so will be slapped with a RM15,000 compound.

“During the operation, Customs officers will issue summonses to individuals and companies that violate the law.

Khazali said Ops Tracks 2016 would also weed out those registered under the GST but failed to issue tax invoices.

“This is an offence under Section 33 of the GST Act 2014.

“Compounds will be issued against those who fail to comply with the provision from Jan 15 onwards,” he said.

Khazali said businesses with taxable turnover of RM500,000 or below need not register but can apply for voluntary registration.

Presently, there are 400,519 businesses registered under the GST.