How long did the PAC take to finalise the GST refund report?

Question

Accepted Answer

The PAC Took 11 Months to Finalise the GST Refund Report

The Public Accounts Committee (PAC) required 11 months to complete its report concerning the reclaim of credit for taxes paid under the Goods and Services Tax (GST). This extensive review process commenced on August 15, 2018, and involved 10 separate meetings before the report was finalised.
Report Finalisation Timeline

The committee's work on the GST refund report began on August 15, 2018. Over the subsequent 11 months, members convened for 10 meetings to deliberate and finalise their findings. The report was ultimately agreed upon unanimously by the 13 members of the PAC.
Tabling of the Report

The PAC unanimously agreed to table the report on the reclaim of GST tax credits, which amounts to RM19.4 billion, one day earlier than originally scheduled. This decision was made to preempt further speculation surrounding the report's contents. Following its tabling in the Dewan Rakyat, the report was made available for public download from the Parliamentary PAC website.
Background of the GST Refund Issue

The need for this report stemmed from revelations by the Finance Minister in August of the previous year. He disclosed that the preceding government had failed to disburse RM19.4 billion in GST refunds between the tax's implementation in April 2015 and May 31, 2018. At that time, only RM1.49 billion remained in the designated repayment fund.

Reading history

Hide →

This history is cleared when the page is closed.

How long did the PAC take to finalise the GST refund report?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends