Goods and Services Tax: Bridging the Information Gap

Abstract

The introductory of Goods and Services Tax (GST) in replacing the existing Sales and Services Tax (SST) has turned out to be an attention-grabbing topic to all parties given that the public will be taxed in proportion to their level of spending irrespective of income hence this is definitely an issue that concerns all. Consumers are always resistant to change thus for people to accept any new form of tax, government need to make strong effort in educating and familiarizing it to the members of public on how the new tax (GST) will benefit them in the long run. The successful takeoff of GST is not toll-free as it will require massive preparation from all parties. Ultimately, government plays a crucial role in educating and convincing the public so as to ensure the smooth GST take off.