GST will impact gold jewellery sales
- 7 years ago
Malaysian gold jewellers may have to contend with a 20% to 30% drop in sales when the country's proposed goods and services tax (GST) takes off on April 1st next year. Jewellery buyers are expected to feel the six percent pinch in the purchase price but its union is confident that sales will increase after two years of familiarisation with the tax.
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