Former prime minister Datuk Seri Najib Razak is pictured at the Kuala Lumpur High Court July 15, 2019. — Picture by Firdaus Latif
Amid growing calls for him to be investigated for recording collections meant for Goods and Services Tax refunds as revenue in the Consolidated Account, the former finance minister insisted that the GST Act provided for this. “But Clause 54 of the GST Act also empowers the finance minister to order that the collections be recorded into any other account,” he wrote on Facebook.
Najib also insisted that the practice of entering GST revenue into the Consolidated Account was consistent with other nations that collect a consumption tax including Singapore.
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