Where were the GST refunds kept before being channelled to the trust fund?

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Accepted Answer

The GST refunds were held in the federal government’s consolidated funds account.

The Goods and Services Tax (GST) refunds were placed in the federal government’s consolidated funds account prior to their disbursement to the trust fund for settling GST claims. This practice was in place during the tenure of the preceding Barisan Nasional administration.
Placement in Consolidated Funds

The GST refunds were initially deposited into the federal government’s consolidated funds account. This step was a procedural requirement before these funds could be redirected to the designated trust fund.
Administrative Context

This procedure for handling GST refunds was established under the previous Barisan Nasional government. The funds were channelled to the consolidated fund as per the request of the Royal Customs Department.
Purpose of Trust Fund

The trust fund was established specifically to facilitate the repayment of GST claims. The consolidation of refunds in the federal account preceded their allocation to this specific fund for claim settlement.

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Where were the GST refunds kept before being channelled to the trust fund?

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