Wednesday, February 10, 2010

Examination # Q1 What's GST?

(This is subjective question & full marks is 10, GST= Global Sales Tax, Suggest for 15 Min)

=> Scenario 1, If you buy a soap (Made by Palm oil)
You need to plant the plam oil then sent it to factory for manufacturing it to become soap(End product) after the harvest of Plam Oil.
Tax begin here. 1*Land to plant Palm Oil (Cukai Tanah) 2* The farmer pay taxes (Personal income tax) 3* If the Palm Oil's price rise (Windfall tax* T&C Apply)
4* Factory pay tax 5* The driver sent the Palm oil (Again...Personal Tax + Road tax(Lorry ma) + Insurance Company Tax* Have to buy lorry insurance right?+ Tolls?* + Unforseen "Abang's tolong"* As usual can be seen at major road) 6* Sell it at hypermarket (Company Tax + Cukai Pintu). Last we pay the GST + Income tax as well.
Sum up. GST is evil & can be calamity for the people.
0 mark!
Answer => GST is good for all! No question about it. 1 M'sia is good for the nation, all races & our land can be maju....

1 comment:

Frank C said...

GST=Government "Bo Ji" Tax.

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