GST collection RM32.71b till Oct 2016: Finance Ministry

KUALA LUMPUR: Goods and services tax (GST) collection of RM32.71 billion was recorded up to Oct 31 this year while RM27,012 billion was recorded from April 1, 2015 until Oct 31, 2015.

According to the Finance Ministry, all tax revenue was placed under the Consolidated Fund with direct taxes and indirect taxes collected by the federal government.

"The GST collection will then be refunded as allocation for the purpose of national development and public prosperity, including improving sectors on education, health, infrastructure facilities besides development needs and national economic development," it said in a written reply distributed at the Dewan Rakyat today.

Datuk Dr Mujahid Yusof Rawa (Amanah-Parit Buntar) wanted to know the amount of GST collection since it was implemented and the amount of proceeds used to ease the people's burden.

GST was enforced on April 1 last year. — Bernama