Lim said that government will respect the two principal recommendations in the Public Accounts Committee report to ensure that the legal contraventions and financial non-compliance – where monies meant for GST refunds were used for other government expenditures – will never happen again.
He was commenting on the findings of PAC that GST collections under the Barisan administration were not deposited directly into the Fund for GST Refunds, and this had caused delays in GST refund payments for more than a year. In early August 2018 when I first tabled in Parliament that there was RM19.4bil worth of GST refunds left unpaid as of May 31 2018, taxpayers in Malaysia were GST Refunds to facilitate payment for GST refunds.
Unfortunately, the GST collections were not deposited directly into the Fund for GST Refunds, and this had caused delays in GST refund payments for more than a year.
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