Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Customs aims to collect additional RM3b in GST next year

byCT Report
28/12/2016
in Latest News
Share on FacebookShare on Twitter

JOHOR BARU: The Customs Department aims to collect an additional RM3 billion in Goods and Services Tax (GST) next year following the implementation of its Customs Blue Ocean Strategy (CBOS) initiative. The amount comes from unpaid or under-declared GST by the registrants. Customs Department deputy director general (enforcement and compliance) Datuk T. Subromaniam said under the CBOS initiative, the department would focus on informed compliance rather than enforced compliance. “We found that there are still people who are confused or do not understand the requirements under GST.

With this initiative, we would focus on educating these people so that they would have the proper understanding of GST and would make the necessary declarations to the department,” said Subromaniam. He said in the four months since the initiative was implemented, the department has visited about 20,000 GST registrants nationwide and have collected an additional RM1 billion in unpaid or under-declared GST. “For 2017, we aim to visit 200,000 registrants nationwide. In total, there are 430,000 businesses that have registered for GST,” said Subromaniam. He was speaking to the media after launching the CBOS initiative at Menara Kastam here.

You might also like

PM directs petroleum minister to negotiate with refineries for diesel price relief

19/08/2026

LCCI helps reopen sealed factory in Saggian industrial area

19/08/2026

 

Related Stories

PM directs petroleum minister to negotiate with refineries for diesel price relief

byCT Report
19/08/2026

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed Petroleum Minister Ali Pervaiz Malik to immediately reach Karachi and hold negotiations...

LCCI helps reopen sealed factory in Saggian industrial area

byCT Report
19/08/2026

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol visited the Saggian Industrial Area and met...

FBR, ICAP jointly organise seminar on filing tax return for TY 2026

byCT Report
19/08/2026

PESHAWAR: The Federal Board of Revenue (FBR) and the Institute of Chartered Accountants of Pakistan (ICAP), Peshawar Office, jointly organised...

Retailer app launched as government simplifies tax scheme for small traders

byCT Report
19/08/2026

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Wednesday launched a retailer app, saying the government had simplified and made...

Next Post

Jamaica Customs Agency clarifies clearance procedures for in-bound containers

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.