Imposition of Compound on Registrants who fail to make GST payments within a prescribed period
Registrants who still have outstanding tax in the year of 2015 will be given until 31 October 2016 to pay the outstanding amount. Failure to do so will be imposed a compound to the maximum amount of RM 20,000.
Registrants who have outstanding tax in the year of 2016 will be given until 31 December 2016 to pay the outstanding amount. Reduction in the amount of the compound will be given if registrants pay the outstanding amount until 31 December 2016. Compound to the maximum amount of RM 25,000.00 will be imposed if the outstanding tax is paid after 31 December 2016.
For more information, see GST Offences and Penalties