IMPACT OF GOODS AND SERVICES TAX TOWARDS MARINE BUSINESS AND INDUSTRY IN LUMUT,PERAK

Abstract

The purpose of this research is to study about Goods and Services Tax implementation towards marine sector specifically in marine industry and marine business. This research is aimed to know the benefit that will be get by the players in marine industry and business. It also was about to know the challenges that will face by the marine industry and business from this implementation of Goods and Services Tax. This implementation of GST remain unknown about it status and was unstable to be compare with other well-developed countries that has well planned for their GST such as Singapore. If this research can be successfully carried out, it will show the true benefit about this new tax called GST and the challenges that will be face by the players in the industry with this new type of tax implementation.