#HearMeOut
Sign In
#HearMeOut
Welcome Guest
Sign In
Skip Navigation Links
Home
Profile
Latest
Summary
Search
Most View
Help for
Back
29 Dec 2019
Ministry of Finance
Suggestion
View - 377
Receipts are needed to recover GST
A person wrote to the St Times to complain about the wastage of paper in printing receipts for small purchases, e.g. supermarkets, etc.
I agreed. The receipts are hardly needed.
Another person replied that his company's accounts dept always insist on getting a receipt to recover the GST.
How wasteful. We are creating a lot of work, and wasting a lot of paper, just to handle GST. This is the hidden cost of GST that many people do not realize.
I call the GST system a "bits and pieces" system. We collect GST, refund it, collect again, etc. It is so wasteful and adds a lot of administrative cost.
I dislike the GST system of collecting and refunding "bits and pieces". I prefer that GST be entirely abolished and that the lost GST revenue should be recovered from income tax - if indeed it is necessary.
I believe that we can abolish GST without the need to replace the revenue, as the govt runs a big annual surplus.
If some revenue is needed, it can be collected as a tax on certain "luxury items", rather than collected GST in "bits and pieces".
Minister Heng - I hope you are listening.
Tan Kin Lian
Agree: 3 Disagree: 2
Vote
Email:
Response:
Agree
Disagree