| The previous administration had breached the law by funnelling money meant for GST refunds into the consolidated revenue account.
The report tabled in the Dewan Rakyat today said Section 54 of the Goods and Services Tax Act 2014 and the trust deed on GST refunds dated March 13, 2015, had specified that all revenue from the tax should be credited into the GST refund account. However, the previous administration funnelled all GST revenue into the government's consolidated revenue account and GST Trust Fund in stages.
The PAC also found that the previous administration had delayed payments from the consolidated revenue account into the GST Trust Fund to manage the country's cash flow position."GST revenue that was not transferred into the GST Trust Fund was used for operational and development purposes.The previous administration's practice was to move approximately 35 percent of annual GST revenue from the consolidated revenue account to the GST refund account on a yearly basis.
Went to wrong account sounds like tak sempat curi tho
norainiahmad67 selanjutnya apa yg perlu dibuat bla krjaan lama melanggar undang2 gst?
Why everything went wrong when involved money? Can’t even look after money how to look after rakyat? Najip is the worst in world history
How can money collected from Government agency went into different accounts and difference objectives !!!
Misappropriation of funds?
Wrong account. ? Like that also acceptable ah
jgn jd mcm pengerusi yg lepas.. nk cover boss.. biar telus.. buat keje elok2.. cer cite.. mcmana blh trsalah akaun.. dan sapa punya akaun..
Come on, conveniently went into the wrong account? WTH
May i ask WHY it went into the wrong account in the first place? Was it deliberately done?
Went to wrong account Can give the figures which went there?
Always went to wrong account masa Najib jadi PM. Ape ni?
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